Fresh inflation spike predicted in first half after peaking at 27% last spring

By Daniel Gayne2023-01-04T10:46:00

Data specialist Glenigan says risk of more hikes has not gone away

Construction businesses will be “battening down the hatches and hedging their bets” as they brace for another inflationary spike in the first half of the year, according to the top economist at information firm Glenigan.

According to the analyst’s review of 2022, inflation in the cost of construction materials peaked at a staggering 26.8% in the second quarter of last year, driven by the war in Ukraine and disruptions in global supply chains.

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