Manufacturer price increases January 2022
As supply and demand issues continue the price of materials is being pushed up. This is forcing sole traders and business owners to increase labour costs and charge customers more.
The rise in material prices is being felt across the industry and for some trades the jump is huge.
According to Jewson, bricks are 16% more expensive and drainage materials are up 30% compared to the same period last year.
Jewson states that these cost increases are due to global demand and do not include additional costs, such as transportation.
Is this trend set to continue? In the short-term yes, and with tax increases hitting consumers this April there may be further hurdles to contend with. Having said that, supply chain issues are starting to ease and with the rollback of restrictions expected in the coming months, prices should drop too.
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