Sharp drop in manufacturing prices paves way for easing of material inflation, experts say

2023-07-19T16:00:00

Input prices fell by nearly 3% last month after a 0.4% rise in May

A sharp reduction in manufacturing input prices has paved the way for an easing of construction product inflation over the next few months, according to industry experts.

Manufacturing input prices, which are seen as an indicator of the cost of construction materials, fell by 2.7% in the year to June 2023, down from a rise of 0.4% in the year to May 2023.

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