Windsor Framework & Northern Ireland Protocol Overview

Inflation normalising in construction sector Growth in material and labour costs has softened in recent months Materials inflation in the sector is past its peak but level is elevated Labour costs in construction variable but growing roughly in line with overall wage growth 25 10.0 20 15 Jo 10 5.0 0.0 di -5.0 ம -10.0 I I I I -15.0 2016 2017 2018 2019 2020 2021 2022 2023 I I I 2010 2012 2014 2016 2018 2020 2022 - Industrial Price Index (materials and wages, y-o-y %) All building materials (y-o-y %) All NACE Economic Sectors Construction Gníomhaireacht Bainistíochta an Chisteáin Náisiúnta National Treasury Management Agency Source: CSO RHS = weekly earnings on a 4Q yearly growth rate Source: CSO 66 99

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