Although a number of input categories have experienced significant increases in prices in recent months, the overall price gains are largely attributable to energy prices.

Nonresidential construction input prices were down 0.2% on a month-over-month basis and 1.7% on a year-over-year basis.

The increase follows eight consecutive months during which construction input prices fell.

The two-month growth streak follows nine consecutive months during which construction input prices fell.

Despite the large monthly gain in overall prices, crude petroleum prices are still down 26% from March 2015.

Construction input prices fell 0.6% on monthly basis in February and 3.7% on a yearly basis.

Prices for inputs to nonresidential construction have fallen 0.8% on a monthly basis and 2.7% on an annual basis.

Construction material prices fell for the sixth consecutive month in December, losing 1.2% on a monthly basis and 4% on a yearly basis.

Only two of the 11 key input prices have risen since November 2014.