Global Construction Outlook 2024
Country inflation forecasts
and local market snapshots
2024 construction inflation forecasts
There is a wide range of forecasts for tender price inflation, ranging from -8% to 20 – 30%. Tender price inflation is heavily influenced by contracting market capacity and the perception of risk — increases may be higher or lower depending on the sector, region and supply chain appetite. Therefore, projects should be considered on a case-by-case basis reflecting individual factors.