Steel prices from May to June grew for the eighth consecutive month, with a significant increase of 8.1%, according to the Producer Price Index (PPI). (Click on graph to enlarge.)
Asphalt prices also had a sharp increase, with a 6.7% change. Lumber prices rose slightly, by 0.9% from May to June. Concrete prices increased minimally as well, with a 0.7% percent change.
During the last year, steel prices have increased 30.4%, asphalt prices have grown 17%, and concrete prices by 3.8%. Lumber prices have declined by 3.6%.
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