Both the log price index (around 172%) and the lumber price index (around 171%) have seen a month-on-month decrease of four percentage points in May. Both have the start of the year 2001 as starting point (= 100%). The log price index had seen an upward trend from September 2022 to March 2023. Since April, the gap between the two indices has been closing.
In the past twelve months, the lumber price index reached its highest value in May 2022. In May, however, it was far from that level. To be precise, the index value was 76 percentage points lower.
The log price index reached its highest value, i.e. 182.8%, in June 2022. In May 2023, it fell by 15 percentage points compared to that value.
The lumber price index reached its all-time high of 250.2% (since records began) in August 2021 (see chart below). As always, you can find all figures in our Datacube.
