For nearly three years, the U.S. construction industry has been buffeted by unprecedented increases in material costs, supply-chain bottlenecks, and a tight labor market. AGC’s Construction Inflation Alert is intended to help owners, public officials, and others understand what contractors are experiencing. The December 2022 edition—the 9th since early 2021, outlines steps owners and contractors can take to adjust to the fast-changing market conditions. Chapters and members are encouraged to forward the latest information about conditions, such as supplier newsletters and “Dear Valued Customer” letters, to Chief Economist Ken Simonson at ken.simonson@agc.org. AGC will continue to update the Alert as needed.