Elevator Installer News Today : Breaking News, Live Updates & Top Stories | Vimarsana

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Up, pushing projects behind and over deadline. how much would this cost right here? >> this right here would cost 17% over material costs than what we completed. >> reporter: and he says his company is spending more on gas to bring materials in, up 24% in the last month. all of these rising costs will get passed down. where is the end? >> i guess the people who will be living here. >> reporter: for braun, the higher cost means things like painting the outside of the house gets put on hold. >> we would love to hire someone to do that. that's been put on the back burner now and we'll just have t...

Somebody to do that. that's been put on the back burner now and we're going to have to just learn to love the green. >> reporter: americans are feeling the impact of inflation in nearly ever way. and they're concerned. people are wondering, when will they start to see some relief? bill mcgrath, the elevator installer that you heard from said that he thinks it's going to get worse before it gets better. and that's why the federal reserve is stepping in. to raise interest rates over the course of this year, to stop people from spending and to cool down prices. but when you raise interest rates, ...