Input costs for contractors in the US fell -0.6% month-on-month to August. However, compared to a year ago they are up +7.9% according to data from The Associated General Contractors of America (AGC). This is the steepest rise in contractors' costs since 2005, when annual inflation for the sector was +8.2%. The most striking increase in contractors' input costs over the last year has been diesel fuel, with a +32.9% rise in price. The industry has also seen a +14.3% increase in the cost of steel mill products, particularly hot-rolled structural steel, and copper construction products.
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