Quoted from woody76:
Wood has dropped 300% around my parts in the last few weeks. It is actually a fairly reasonable price now.
Its still higher than average. It's not just wood, but almost all manufacturing parts have gone up in prices. The other big factor that is affecting everyone is cost of freight. Even if the item has barely raised in cost, the freight costs for shipping have in the past year almost tripled in many instances. Chips for electronics also have all gone up in cost, anything coming from overseas part wise costs more. There is steel shortages happening in many areas too.
Heck I just got an email today that two main components used in my warehouse for manufacturing at the family business have gone up in price starting next month. This is going to be the third price increase on raw materials in the past 12 months and word is that there is no end in site and we might see more.
Theres not a single piece of raw material we use in our factory that hasn't gone up in price for base cost. Now ontop of that you toss on increased freight costs. A pallet of goods from NJ used to run me 100 or so bucks, now it's 260. Companies that used to deliver for free are all now tacking on full freight costs too.
And with the reopening of many things, the demand for labor is at all time high, to retain factory workers especially is forcing companies to increase wages and offer more benefits.