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2017 CEPCI Updates: Dec. (prelim.) and Nov. (final)

| By Scott Jenkins

The preliminary value for the December CE Plant Cost Index (CEPCI; most recent available) decreased compared to the previous month’s value for the second consecutive month. Decreases in the Equipment and Buildings subindices for December 2017 offset small increases in the Construction Labor and Engineering & Supervision subindices. Within the Equipment subindex, a number of equipment classes saw decreases, with the largest being in Pipes, Valves and Fittings. The overall monthly CEPCI value for December 2017 stands at 4.0% higher than the corresponding value from December 2016. Meanwhile, the latest Current Business Indicators (CBI) for January 2018 showed slight gain in the CPI Output Index.