The latest issue of our inflation report is now available to view.

View the full report here.

• Inflation associated with the cost of materials shows signs of easing, but the lack of skilled labour remains a concern.
• Insolvencies continue to increase in the industry, with a further high anticipated in 2023.
• Threat of a recession is receding; however, construction output stagnated in December, with 0.0% growth, followed by a 1.7% contraction of growth in January 2023.
• Tender Price Inflation forecasts anticipate a slowing of the inflation rate compared to 2022.