IHS Markit Engineering and construction costs increased for the fourth consecutive month in February, according to IHS Markit and the Procurement Executives Group (PEG). Survey participants in February’s headline IHS Markit PEG Engineering and Construction Cost Index witnessed price escalations for all categories under the materials and equipment sub-index for the second month in a row, after having reported increases in January for the first time since July 2018. According to February's Index: Copper prices continued to increase, recording the eighth consecutive month of rising prices. The carbon steel pipe price index rose to a figure of 78.6 in February, up from 70 in January.