July 20, 2022
It may not be much solace to U.S. constructors who are paying high prices for diesel, materials, labour and administration, but there is relief – though it may be largely statistical – coming from spiralling inflation rates. Soon, however, for self-correcting reasons, inflation in the U.S. will surely fall below its current 8.5 per cent. Carrick said the annual cycle of higher prices will soon mean that the base months used in calculations reflect the new higher prices that entered the scene last year, so the continued spikes will seem less painful.“No matter what happens with inflation, it’s going to be a more expensive world, period,” said Carrick.
On the macro-economic front, Carrick said in a recent newsletter the U.S. has a long list of ultra-large projects either being green-lighted or near approval. These include new EV production lines, battery plants, computer chip-making factories, new steel mills, LNG export facilities, rapid transit rollouts and electric power generation and transmission works.
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