Material prices increased 4.5% in July while the price of certain types of imported timber rose by some 23%, according to the latest figures.

Prices for imported plywood in July were nearly 82% higher than they were in August 2020, according to the latest figures from the Department for Business, Energy and Industrial Strategy (BEIS).

Fabricated structural steel has seen the next steepest rise in prices, at 65% higher compared with a year ago, while prices for sawn or planed wood have risen by more than 64% year on year.

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