Energy Prices Drive Construction Materials Costs Higher in October
Construction Superintendent Magazine
NOVEMBER 20, 2024
Construction input prices increased.3% in October compared to the previous month, according to an Associated Builders and Contractors’ analysis of U.S. Bureau of Labor Statistics’ Producer Price Index data. Nonresidential construction input prices also increased.3% for the month. Prices increased in all three energy subcategories last month. Natural gas prices increased by 29.3%, unprocessed energy materials prices rose 9.9% and crude petroleum prices advanced by 7.3%.
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