Brian O'Shea
Ceist:225 Mr. O'Shea asked the Minister for the Environment and Local Government the esti mated percentage inflation in the construction industry; and if he will make a statement on the matter. [9068/01]
Vol. 533 No. 3
225 Mr. O'Shea asked the Minister for the Environment and Local Government the esti mated percentage inflation in the construction industry; and if he will make a statement on the matter. [9068/01]
The trend in tender price inflation is considered the most useful indicator of inflation in the construction industry. On this basis, my Department estimates that overall construction tender prices have increased, on average, as follows in recent years:
Year |
Construction Tender Price Inflation |
1997 |
10% |
1998 |
12% |
1999 |
12% |
2000 |
12.5% |