Market forecast: The costs of uncertainty

By Michael Hubbard2022-05-09T06:00:00

Output is levelling off as the Ukraine war and Chinese covid lockdowns hit confidence. Meanwhile, the same factors are adding inflationary pressures

01 / Summary

Tender price index ▲

Tender prices rose by 8.4% over the 12 months to Q1 2022. Elevated rates of price inflation will continue in 2022, as acute input cost pressures afflict the economy and construction sector.

Building cost index ▲

A composite measure of building input costs increased by 9.6% over the year to Q1 2022. Inflation trends are pervasive across global, domestic and local supply chains.

Consumer prices index ▲

The consumer prices index rose by 7% in the 12 months to March 2022, the greatest rate of change in 30 years. Consumer price inflation is set to remain high for some time.

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