The preliminary value for the CE Plant Cost Index (CEPCI) for November 2021 (the most recent available) is once again higher than the previous month, continuing the upward trend that dominated 2021. The increase for November is driven by two of the subindices in particular — the Equipment and Buildings subindices — which both saw increases that offset smaller decreases in the Construction Labor and Engineering & Supervision subindices. The current CEPCI value now sits at 28.7% higher than the corresponding value from November 2020. Meanwhile, the Current Business Indicators show increases in the CPI output index for November and for the CPI output of value for October.
2021 CEPCI updates: November (prelim.) and October (final)
| By Scott Jenkins