Courtesy of AGC of America Construction Association Officials Warn Rising Input Costs Are Outpacing Bid Prices, Increasing Pressure on Contractors and Project Budgets and Caution that a Gas Tax Holiday Will Do Little to Help The producer price index for inputs to new nonresidential construction rose 1.7 percent in April and 6.6 percent from April 2025, according to an analysis by the Associated General Contractors of America of government data released May 13.