Uncertainty on the inflation front continues. There is probably more uncertainty now than six months ago. As of the end of August, electricity prices were still 15.8% higher than in August 2021. While month-to-month we have seen slight decreases in the Producer Price Index and Consumer Price Index, as well as slowed growth to other leading indices for the construction sector, a lot of uncertainty remains.
As you finalize your budgets for 2023, if you have questions/concerns about preparing for potential impacts of inflation, feel free to contact Ryan Graf at Ryan.Graf@ae2s.com.