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Widespread Commodity Shortages Raise Inflation Fears For products as diverse as lumber and microchips, price increases are filtering through the economy. An apartment complex in Orlando, Fla., being built by Roger B. Kennedy Construction, which says many of its suppliers are raising their prices 10 to 20 percent.Credit.Octavio Jones for The New York Times May 3, 2021, 5:00 a.m. ET WASHINGTON In a normal year, Ron Whelan, vice president of Roger B. Kennedy Construction, receives one or two “Dear Valued Customer” letters from suppliers notifying him of price increases for certain materials. This year, a stack of 30 such warnings sits on his desk in Orlando, Fla., alerting him that things as diverse as lumber, drywall, aluminum and steel are going to cost 10 to 20 percent more.

New yorkUnited statesWhite houseDistrict of columbiaTimothyr fioreJeromeh powellDarius adamczykPaul ashworthRogerb kennedyMatt bluntRon whelanOctavio jonesAndre schultenManufacturing business survey committeeFederal reserveSemiconductor industry association