Material Price Movements Q1 2025
09
May 2025
Inflation Update Q1 2025
Construction material prices remained relatively stable through the first quarter of 2025. We have seen low single digit increases on timber, concrete, blocks, bricks and insulation and small reduction on steel reinforcement.
On the commodity front, we have seen stable trading in Q1 despite some of the events globally. This is positive and is reflected in the flatlining of core construction materials to a certain degree.
In April, crude oil dropped to below USD 70 / barrel for the first time since December 2021. Increased supply from OPEC and trade tensions are the contributing factors.
Average shipping costs have eased somewhat in the last quarter after circa +70% increase across the whole of 2024.
Interested in looking back at 2024 price movement trends? Check out our Q4 2024 update and analysis.
If you’d like to have a chat on any further information covered please don’t hesitate to contact us.
You can view our previous newsletter narratives on Material Price Changes on our Insight Archive page.