Article source: ConstructConnect
Let’s jump right into a discussion of some of the more interesting numbers to have appeared in recent public and private sector data releases. Exorbitant prices charged for nearly everything is seemingly top of mind for everyone, so that’s where we’ll begin. Is there relief in sight?
(1) Inflation in both the U.S. and Canada moderated a little in July. The U.S. Consumer Price Index (CPI-U, where U stands for Urban consumers) eased back to +8.5% year over year from +9.1% in June. On a month-to-month basis, CPI-U stayed the same. In Canada, the CPI slowed to +7.6% y/y in July from +8.1% in June. Canada’s month-to-month change was +0.1%.
