Category: inflation
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Inflation indices: one size does not fit all
Figure 1 shows CPI and CPIH to be stable compared to construction indices, suggesting practicality in benchmarking and financial planning. Meanwhile, BCIS’s All-in TPI saw high inflation early on, but since 2021, the Infrastructure Output Price Index and Civil Engineering TPI have been more volatile. Civil Engineering TPI had nine quarters of year-on-year changes over…
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METALCON 2025 Announces Keynote Presenter
Alex Chausovsky, a leading economic advisor, market researcher and future trends analyst, will deliver a highly anticipated keynote address at METALCON 2025, the premier global event for the metal construction industry. His presentation, entitled “Economic and Labor Market Update – What to Expect in 2025 & Beyond” will take place on Wednesday, Oct. 22 at…
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What concrete costs tell us about construction inflation
Ready-mixed concrete also serves as an interesting indicator of local construction inflation. While its price is affected by global commodity markets and energy costs, it cannot be transported over long distances due to its short shelf life. This necessitates domestic production, making the price of ready-mixed concrete sensitive to local factors such as the cost…