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Comment Business & Economics

2021 CEPCI Updates: December (prelim.) and November (final)

By Scott Jenkins |

The preliminary value for the CE Plant Cost Index (CEPCI) for December 2021 (most recent available) rose compared to the previous month, extending the increases observed throughout 2021. For December 2021, increases in the Equipment and Buildings subindices more than offset reductions in the Construction Labor and Engineering & Supervision subindices. The current CEPCI value now sits at 28.0% higher than the corresponding value from December 2020. Meanwhile, the Current Business Indicators showed slight decreases in the CPI output index and CPI operating rate for December 2021, and a small increase in the CPI value of output for November 2021. 

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