Cost inflation in commercial construction sector slows to 3%  

Overall, the annual rate of inflation is down from 6.2% in the same period last year and the Society of Chartered Surveyors Ireland attributes the fall-off to reduced price volatility for construction materials

Construction cost inflation during the first half of the year was highest in Munster. 

The annual rate of inflation in the cost of commercial construction has fallen to 3%, with the rate of increase levelling off over the last six months, a new report by the Society of Chartered Surveyors Ireland (SCSI) shows.

Overall, the annual rate of inflation is down from 6.2% compared to the same period last year. The SCSI is attributing the fall-off in inflation to reduced price volatility for construction materials.