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Comment Business & Economics

2021 CEPCI Updates: May (prelim.) and April (final)

By Scott Jenkins |

The preliminary value for the CE Plant Cost Index (CEPCI; top) for May 2021 (most recent available) is once again higher than the previous month, continuing a string of substantial monthly increases since the beginning of the year. In May, large upticks were observed in the Equipment and Buildings subindices, while the Construction Labor and Engineering & Supervision subindices saw very small rises. The current CEPCI value now sits at 15.8% higher than the corresponding value from May 2020. Meanwhile, the Current Business Indicators (middle) show increases in the CPI output index and the CPI operating rate for June 2021, and an increase in the CPI value of output for May 2021.

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