The cost of construction materials is showing signs of accelerating after moderating in January, according to an analysis of producer price index figures and recent market information released today by AGC. Ongoing price increases underscore the urgency of funding public construction projects promptly, AGC officials said.
“Cost increases have slowed in recent months but haven’t disappeared,” said Ken Simonson, AGC’s chief economist. “In fact, today’s producer price index report may be the low point, as manufacturers and commodities markets are signaling that bigger increases may be just around the bend.”
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