The producer price index for materials and services used in nonresidential construction rose 0.2 percent in June and 2.3 percent from June 2024, the largest 12-month increase since February 2023, according to an analysis by the Associated General Contractors of America of government data released today. Association officials cautioned that tariff increases due to take effect on August 1 threaten to drive up a wide range of construction costs that could further undermine demand for construction.
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