Construction producer prices, trailing twelve months

Why this row

Construction producer prices rose 30.3% from 2020 to 2024 against 21.2% for consumer prices, and the 2021 infrastructure law lost about 17% of its buying power to inflation through FY2026 on the way to 26% by FY2031. The Act's own model finds the program is small as a macroeconomic event, a peak of 0.71% of GDP, and large as a sectoral one, a peak of 23.6% of national construction, so its inflation risk is first and largest a tax on the Act itself: 4% of the money in the favorable case, 7% in the central case, 19% if the triggers are waived. The Capacity Triggers are the highest-return provisions in the Act on that arithmetic, and this row is the first of them: construction prices above 6% for two consecutive quarters defer the next tranche. It guards the money rows the way row 10 guards the energy rows.

The path

a ceiling in every year: the Act's first Capacity Trigger, which defers the next tranche when breached

Each July 4 the row shows its baseline, this path, the latest official value and a status of ahead, on schedule or behind. As a guard row, breaching it fails the rows it protects.