At an annualized rate of 8.5%—the highest rate in 40 years—the consumer price index, more colloquially known as inflation, hit peoples' pockets hard in March.

If only they knew how good they had it.

The Producer Price Index (PPI) for Inputs to Construction—how much prices paid by the construction industry for goods and services change year over year—ran roughly 2.5 times that of the inflation consumers see.

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