Companies paid significantly higher prices to producers in April, and prices of construction materials also rose sharply, in two more signs of inflation for the recovering U.S. economy. "With the global economy steadily reopening, central banks continuing to pump up money supply, governments engaging in deficit spending and supply chain disruptions persisting, contractors can expect significant price pressures for months to come," said Anirban Basu, an economist with a construction trade group.
May 13, 2021