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2022 CEPCI updates: August (prelim.) and July (final)

| By Scott Jenkins

The preliminary value for the CE Plant Cost Index (CEPCI) for August 2022 (most recent available) declined from the previous month — the second straight monthly decline after a long string of increases between November 2020 and June 2022. For August, the Equipment and Buildings subindices decreased, offsetting small increases in the Construction Labor and Engineering & Supervision subindices. The current CEPCI value now sits at 12.1% higher than the corresponding value from one year ago. Meanwhile, the Current Business Indicators show small increases in the CPI output index and the CPI operating rate for August 2022, and a decrease in the CPI value of output for July 2022.