The preliminary value for the CE Plant Cost Index (CEPCI) for January 2021 (the most recent available) shows another significant increase from December 2020. The current value is the fourth consecutive monthly increase, and the second consecutive monthly increase of over 5 points. The uptick in the January preliminary CEPCI value was driven by increases in the Equipment and Buildings subindices. The Construction Labor and Engineering & Supervision subindices both saw small decreases. The current CEPCI value now sits at 3.4% higher than the corresponding value from January 2020. Meanwhile, the Current Business Indicators showed a lower CPI Output Index and Operating Rate for February.
To view the 2020 average annual value for the CEPCI, visit the following link: