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November construction input costs outstrip bid prices, overall PPI, CPI; IP improves

Post Time:Dec 15,2010Classify:Industry NewsView:78

The producer price indexfor finished goods rose 0.4 percentin November, not seasonally adjusted (0.8 percent, seasonally adjusted), and 3.5 percentfrom November 2009, the Bureau of Labor Statistics reported on Tuesday [Dec. 14]. The PPI for inputs to construction — a weighted average of the cost of materials used in all types of construction, plus items consumed by contractors such as diesel fuel — climbed 0.5 percentand 4.6 percent, respectively. That added to the cost pinch on contractors, who have generally been unable to pass along cost increases, according to a Dec. 15 Data DIGest report.

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