Construction input prices increased by 0.3% in October, primarily due to rising energy costs, although they remain 0.2% lower than a year ago. Despite a slight rise in some material prices, overall input costs have decreased by 5% since peaking in June 2022. Experts suggest the recent uptick in fuel prices may be temporary, but upcoming trade policy changes could introduce unpredictability, particularly regarding potential tariffs that may affect a wide range of construction materials. Future price trends for crude oil and copper show signs of decline, indicating possible stabilization in the near term.

Source: https://www.supplychaindive.com/news/tariff-concerns-loom-construction-input-prices/733067/