The composite index for construction materials moderated to 4.4 percent in June 2023, with the average annual inflation for the first six months slowing to 7.2 percent. This is still above the average headline inflation of 6.6 percent for the first six months of 2023. Some of the core building materials, like paint bricks,ceiling boards and electrical components are however still showing a double digit increase, according to Stats SA’s latest update. The composite index for civil engineering materials (excluding bitumen) slowed to an annual increase of 1.6 percent, with double digit increases still reported for mining machinery equipment used in mining and quarrying.
