Construction input prices rose 0.9% in April on a monthly basis and 2.4% compared to the same time last year, according to an Associated Builders and Contractors (ABC) analysis of U.S. Bureau of Labor Statistics data. Nonresidential input prices rose 0.9% compared to March and are up 2.8% on an annual basis. Among the 11 sub-categories, seven experienced price decreases, with the largest decreases in natural gas (-8.7%), iron and steel (-1.7%), and steel mill products (-1.7%). The four sub-categories that experienced monthly price increases were crude petroleum (+13.9%), unprocessed energy materials (+3.7%), prepared asphalt products (+2.7%), and concrete products (+1.1%). Year over year, prepared asphalt products (+7.5%), steel mill products (+5.8%), and plumbing fixtures (+4.3%) experienced the largest price increases.
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