Material Price Movements Q3 2025

Inflation Update Q3 2025

Construction material prices remained broadly stable throughout the third quarter of 2025, with only limited fluctuations across most categories. The most notable movement was in softwood timber, which recorded an increase of approximately 8% during the period.

Commodity markets experienced upward pressure on tin and copper year-to-date, while other core commodities declined between 2% and 8% in 2025. Overall, both quarterly and year-to-date movements remained relatively stable.

Oil prices have fallen by 8% year-to-date and by 15% over the past 12 months. Prices have remained below USD 70 per barrel since Q1 and are expected to continue on this trajectory, supported by recent announcements regarding production output.

Shipping costs spiked in early summer but have since eased, standing 55% lower than in the same month last year.

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