Contractors and their customers might have seen the peak in materials prices, according to the Associated Builders and Contractors (ABC) analysis of US Bureau of Labor Statistics' Producer Price Index data released this week.
"The global supply chains are readjusting to disruptions caused by the Russia-Ukraine war," according to ABC chief economist Anirban Basu, in prepared remarks.
Construction input prices increased 1.9% in June compared to the previous month and 20.1% compared to the previous year.
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