Salem Radio Network News Sunday, June 26, 2022

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Inflation Is On the Rise

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It’s more evidence of inflation’s all-encompassing grip on the U.S. economy. Rich Thomason has this report.

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VERBATIM: It’s not confined to the gas pump or the supermarket, inflation is also taking a toll on big infrastructure projects, forcing state and local officials to postpone some projects, scale back others and re-prioritize their needs. Some examples of inflation’s impact on infrastructure: The price of a foot of water pipe in Tucson is up 19%. The cost of a ton of asphalt in a small Massachusetts town: up 37%. The estimate to build a new airport terminal in Des Moines: 69% higher. Rich Thomason reporting.

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