Tag: inflation
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Construction’s Inflation Relief Opens the Door to Smarter Fleet Management
Over the past four years, inflation has significantly impacted the construction industry. Rising costs for materials, labor and equipment have led to increased project budgets and longer timelines. As prices for essential resources like lumber, steel, concrete, and even labor have soared, construction companies have faced challenges in maintaining profitability and project timeliness. Additionally, the…
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Construction Cost Inflation Slows in Q2 2025, RLB Report Shows
Construction cost inflation continues to cool, according to the Q2 2025 Quarterly Construction Cost Report from Rider Levett Bucknall (RLB). The report shows year-over-year cost growth dropped to 4.4% in April 2025, compared to 5.42% in the same period last year. The report provides a data-driven snapshot of current construction trends across North America, aimed at…
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Fed holds main rate steady, forecasts higher inflation, slower growth
Dive Brief: The Federal Reserve on Wednesday kept the main interest rate at a range between 4.25% and 4.5% while forecasting higher inflation and slower growth for 2025. In a median forecast, Fed officials estimated that their preferred measure of inflation — the core personal consumption expenditures price index less volatile food and energy prices…
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Inflation heats up to 3% as Trump calls on Fed to cut main rate
Listen to the article 4 min This audio is auto-generated. Please let us know if you have feedback. Dive Brief: Consumer prices rose last month at a 3% annual pace, higher than expected and the biggest gain since June, according to a government report released Wednesday, soon after President Donald Trump called on the Federal…
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What concrete costs tell us about construction inflation
Ready-mixed concrete also serves as an interesting indicator of local construction inflation. While its price is affected by global commodity markets and energy costs, it cannot be transported over long distances due to its short shelf life. This necessitates domestic production, making the price of ready-mixed concrete sensitive to local factors such as the cost…