Building cost inflation rises to 3.1% - ­­Material prices drive construction costs

1 per cent in June 2026 as higher material and plant costs pushed up construction expenses, although the pace of increases remained significantly lower than levels recorded a year earlier.1 per cent recorded in June 2025, continuing a decline in building cost inflation over the past year.

The GSS said the fall in cement and steel prices made the biggest negative contribution to building cost inflation and helped to limit the overall increase in construction costs.