Construction inflation slows to lowest level in over three years

The stabilisation of building materials prices and lower energy costs has helped construction inflation retreat

The pace of construction cost inflation has slowed to its lowest level in more than three years

The pace of inflation in the construction industry has slowed to its slowest level in more than three years as the price of key building materials continue to stabilise and energy costs come down from record levels, new figures show.

The latest Tender Price Index, which is produced by the Society of Chartered Surveyors Ireland (SCSI), shows the rate of construction inflation eased to 1.5 per cent in the second half of 2023, which is ...