Construction materials prices decreased by 0.1% in April compared to March, according to data from the Produce Produce (PPI) index published on May 15 by the United States Office of Labor Statistics. Prices have increased by 0.1% since April 2024 and 41.3% since February 2020.
The fall “was largely due to the fall of energy prices,” said Anirban Basu, a bull economist and associated contractors (ABC), in a statement. Natural gas prices fell by 7.1%, while non -processed energy prices decreased by 5%. Brut oil fell 4.9% in the same period.
Despite the general drop, steel and copper prices experienced boosting prices as a result of fare implementation. The prices for the products of the steel factory increased by 5.9% during the month, while the copper and cable wire rates increased by 5% and the iron and steel prices increased by 2.3%.
“The materials directly affected by the rates increased the strong prices during the month,” said Basu. “Although recent developments have reduced uncertainty related to rates, the 25% tax is maintained on steel and aluminum imports, and a sudden resumption of China imports could lead to an increase in shipping prices.”
