Commercial construction inflation steady at 1.5% as SCSI urges faster infrastructure investment

Construction cost inflation has steadied, but surveyors warn labour shortages and global risks highlight urgent need for infrastructure investment

Inflation within the commercial construction sector continued to hold steady at 1.5% during the first six months of the year. 

The Society of Chartered Surveyors Ireland (SCSI) has encouraged the Government to accelerate infrastructure investment following a report which showed commercial construction cost inflation is holding steady.

The SCSI’s Tender Price Index, which is published every six months, tracks changes in commercial tender prices in the delivery of commercial construction projects such as office, retail and industrial units.