Construction costs keep rising – Stats NZ media and information release: Business price indexes December 2020 quarter

Construction costs keep rising – Media release

19 February 2021

Construction businesses charged customers more in the December 2020 quarter, Stats NZ said today.

At the same time, prices charged by hospitality businesses such as hotels, motels, and restaurants increased after COVID-19 hit the tourism industry and prices were cut last year.

The construction industry saw a 0.5 percent increase in prices received from customers in the December 2020 quarter. Contributing to this was a 0.9 percent increase in building construction prices and a 0.8 percent increase in construction services prices.

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