In October, the log price index was at 153% and thus around 5 percentage points lower than in September when the highest value since 2001 was recorded. Compared to October last year, the index saw an increase of 54 percentage points.
This past July, the lumber price index had passed the 200% mark for the first time. In August, the index reached the highest value ever recorded by the Timber Industry Association, i. e. 250%. Until October, the lumber price index gradually moved away from this level, reaching 217% lately. This value corresponds to a decrease of 23 percentage points compared to September. However, it is 100 percentage points above last year’s level.
As always, you can find detailed developments in our Datacube in the section Time lines.