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Sources of rising construction costs
Construction costs in August 2026 increased by 2.3% compared to the same month of the previous year, due to higher costs of operating inputs and building materials. The most significant increases were in equipment and machinery rental at 4.1%, particularly with operated equipment rentals rising by 5.6%, along with energy costs rising by 3%, and wood and carpentry materials increasing by 3.5%. Conversely, raw material costs decreased by 1.3%. The residential sector also saw an increase of 2.1%, which is lower than the overall growth rate. The impacts of these increases vary across projects depending on their components of expenditure.
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