Prices of construction materials rose more than 20% from January 2021 to January 2022, according to an Associated General Contractors of America analysis of government data. “Unfortunately, there has been no letup early this year in the extreme cost runup that contractors endured in 2021,” said Ken Simonson, the association’s chief economist. “They are apparently […]
Category: producer price index
Wholesale Inflation Up 9.7% in January
January wholesale inflation was 9.7% higher than the same period a year ago, according to the U.S. Department of Labor’s producer price index. The PPI, a metric that measures inflation before it reaches consumers, rose 1% in January compared to the previous month. The January increase follows jumps of 0.4% in December 2021 and 0.9% […]
Wholesale Inflation Up 9.6% Over Year
November’s wholesale prices were up 9.6% from one year ago, the largest increase since 12-month data were first calculated in 2010, according to the U.S. Bureau of Labor Statistics. The bureau said its producer price index rose 0.8% from October to November, its highest reading since June. The index rose 0.6% from September to October. […]
Wholesale Distribution Revenue Growth Rate Ticks Upward
The anticipated revenue growth rate for U.S. wholesale distributors in 2021 ticked up slightly in November based on 10 months of data, rising from the 20.8% October forecast to 21.3%, according to the latest monthly industry forecast produced exclusively for MDM by the University of Colorado Boulder Leeds School of Business. The 2022 forecast also […]
