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Material Prices Back on the Rise

U.J. Alexander/Alamy Stock Photo Construction timber in a sawmill in the Palatinate, Germany. Timber prices have almost tripled compared to the previous year
An elevated producer price index indicates the economy remains overheated, said Anirban Basu, chief economist at Associated Builders and Contractors.

After recording their biggest drop in over two years, overall construction and nonresidential input prices whipsawed upwards again in January, increasing 1.3% and 1.1% respectively, according to an Associated Builders and Contractors report

Both categories are 4.9% higher than a year ago. The jump in overall construction input prices reflected the smallest annual increase since January 2021, according to the report, but stymied progress made in December, when prices plunged 2.7%, the largest drop since April 2020. 

For more information and to read key takeaways, visit Construction Dive, our sister publication, to read the original article


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