Construction Pricing Drop
Construction Dive reported that construction input prices have seen the biggest drop since April 2020. While inflation is still uncertain and higher than the 2% target, it seems like it may be fading. While this is hopefully good news for the industry, some prices have seen an increase in January. These monthly declines may be a sign that the worst of pandemic inflation is slowing and getting back to pre-pandemic levels.
Read the full article here: https://www.constructiondive.com/news/construction-input-prices-log-biggest-drop-since-april-2020/640773/?utm_source=Sailthru&utm_medium=email&utm_campaign=Issue:%202023-01-20%20Construction%20Dive%20Newsletter%20%5Bissue:47446%5D&utm_term=Construction%20Dive