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Construction cost inflation hits new high

The proportion of construction firms reporting higher than normal cost increases hit a new high at the end of May, data from the Office for National Statistics has revealed.

More than two out of five firms (44 per cent) surveyed said in the two weeks to 30 May they had seen their costs rise by more than normal. It is the highest number recorded since the ONS began its survey just after the start of the pandemic last year.

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