Construction charge index up ...

Construction charge index up

Inflation in U construction markets accelerated during 1999 as the two materials prices and labor costlinesss moved moderately higher. The intercourse Department's implicit price deflator for construction spending was 38 percent larger during 1999 than during 1998 This preciousness measure, incorporating cost data in succession construction materials, supplies and wages, had increased by means of 2.8 percent between 1997 and 1998

Materials prices mov higher as sulphate of lime lumber and petroleum costs rose sharply. However, the impact forward construction cost inflation was edgelessed by the ...