Pipes and fittings saw the biggest increase while concrete reinforcing bars saw the biggest decrease

Material prices for 'all work' see decrease in year to February 2024



The material price index decreased for ‘all work’ by 1.9% in February 2024, compared with February of last year, according to the government’s latest commentary on construction building materials.


The decrease follows a decrease for ‘all work’ of 1.6% in January of this year compared with January 2023, however the price index increased by 0.1% month-on-month between January and February of 2024, following a decrease of 0.2% between December 2023 and January of this year.

Between February of this year and last year the delivery of bricks fell by 9.3% while block deliveries fell by 7.5%.

In terms of materials, pipes and fittings (flexible) saw the biggest increase between February 2023 and 2024 at 20.3%, while concrete reinforcing bars (steel) saw the biggest decrease at 18.2%.

 



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