Inflation in action

My father-in-law owns an irrigation/landscaping company that primarily installs sprinklers systems. Last night he mentioned that in the past week, the wholesale price of PVC pipe (plastic pipes used in pretty much everything) has risen 25%. This means that all bids and prices are increasing by $150+ per install just to cover the extra raw material costs.

This is the type of trickle down that is just starting to work it’s way into the system from oil being $120+. These type of increases take months to make their way through the supply chain and be reflected in consumer prices.

- John