Despite the strong rebound in home building, construction material prices in Australia are being held back by a combination of the strong Australian dollar and an absence of wage inflation in the manufacturing sector, new figures show.

In total, aggregate construction material prices rose by 1.56 per cent in the June quarter but were up just 2.36 per cent on the same time last year, according to the Producer Price Index figures published by the Australian Bureau of Statistics. Sheet metal and sanitary ware are leading the…