Material Price Movements Q1 2025

Inflation Update Q1 2025

Construction material prices remained largely stable throughout the first quarter of 2025. Modest, low single-digit increases were observed in timber, concrete, blocks, bricks, and insulation, while steel reinforcement experienced a slight decline in pricing.

 Commodity markets also demonstrated relative stability during the period, despite ongoing global events. This stability has helped maintain flat pricing trends across many core construction materials.

Notably, in April, the price of crude oil fell below USD 70 per barrel for the first time since December 2021, driven by increased output from OPEC and ongoing trade tensions.

 Shipping costs have also eased slightly over the last quarter, following a substantial increase of approximately 70% over the course of 2024.

Please note: all data and commentary reflect conditions up to the end of April 2025.

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.