At an annualized rate of 8.5%—the highest rate in 40 years—the consumer price index, more colloquially known as inflation, hit peoples' pockets hard in March.
If only they knew how good they had it.
The Producer Price Index (PPI) for Inputs to Construction—how much prices paid by the construction industry for goods and services change year over year—ran roughly 2.5 times that of the inflation consumers see.
Want to continue reading?
Become a Free ALM Digital Reader.
Once you are an ALM Digital Member, you’ll receive:
- Breaking commercial real estate news and analysis, on-site and via our newsletters and custom alerts
- Educational webcasts, white papers, and ebooks from industry thought leaders
- Critical coverage of the property casualty insurance and financial advisory markets on our other ALM sites, PropertyCasualty360 and ThinkAdvisor
Already have an account? Sign In Now
*May exclude premium contentNOT FOR REPRINT
© 2024 ALM Global, LLC, All Rights Reserved. Request academic re-use from www.copyright.com. All other uses, submit a request to [email protected]. For more information visit Asset & Logo Licensing.
