22 Apr 2022

Covid-19: Building costs major ingredient in inflation

From Morning Report, 7:37 am on 22 April 2022

Building costs are being singled out as a major contributor to the country's record inflation.

Property research firm Core Logic's Cordell Housing Index Price latest survey found that construction costs rose a whopping 2.4 percent in the three months ended March, compared with a 0.9 percent increase in the prior quarter.

Wage costs within the sector are also going through the roof.

NZ Certified Builders chair Ian Chamberlain spoke to Corin Dann.