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Ann: FY24 Investor Presentation, page-34

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  1. 3,502 Posts.
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    US building permits and housing starts surged post covid. Combine that to the inflation surge and you have an abnormal period.

    Linear extrapolations using that period are questionable.

    Price deflation of 2% noted in Ferg q4 result, with continued deflation guided in fy25.
 
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