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Construction costs outpace inflation (access required)

Construction material costs are outrunning producer prices, an economist says. “Get used to higher materials cost inflation,” Ken Simonson, chief economist for the Associated General Contractors of America (AGC), stated in a press release. Mr. Simonson commented in Washington D.C. after the Bureau of Labor Statistics issued its report on the producer price index (PPI) for May. Overall, ...

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