Construction price inflation surges to 13% and expected to rise further

Inflation expected to continue this year

High price volatility remains across a range of building materials, particularly insulation, cement, plasterboard metals, fuel along with labour shortages.

Construction inflation is now rising at a rate of more than 13% according to new research by the Society of Chartered Surveyors Ireland (SCSI).

They said the hike in construction material prices is due to the high level of activity in the industry to address the housing crisis plus a labour shortage caused by the pandemic.