Market forecast: Bouncing back

By Michael Hubbard2021-08-09T05:00:00

Rising demand and tightening supply are driving up both costs and tender prices. How much of this is just a spike rather than an underlying upward economic trend?

01 / Summary

Tender price index ▲

Tender prices increased by 1% over the 12 months to Q2 2021. They are set to further increase over the remainder of 2021 as workload stays busy and input cost pressures remain.

Building cost index ▲

A composite measure of building input costs increased by 8.5% over the year at Q2 2021. Global and domestic issues and problems combined to push up input cost inflation to its highest yearly rate of change since 2005.

Consumer prices index ▲

The consumer prices index (CPI) rose by 2.5% in the 12 months to July 2021. Consumer price inflation is expected to increase further in 2021.

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