Material Price Movements to October 2024
09
December 2024
Inflation Update Q4 2024
Construction material prices remained relatively stable in 2024 to date. We have seen single digit increases on plasterboard, plywood, insulation and concrete products with little to no movement on other core materials.
On the commodity front, we have seen stable trading in Q3 but across 2024 as a whole, commodities have been on an upward trend. Scrap metal and re-bar are up +5% and +6% respectively with aluminium (+18%) and copper (+21%) the major movers in the last 12 months.
Shipping costs have eased a little in the last quarter, but are up 33% in 2024 and over 200% in the 12 months to end October.
Interested in looking back at Q2 2024 price movement trends? Check out our Q2 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 Increases on our Insight Archive page.