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2022 CEPCI updates: December (prelim.) and November (final)

| By Scott Jenkins

The preliminary value for the CE Plant Cost Index (CEPCI) for December 2022 (most recent available) fell compared to the previous month’s value. The current decrease is the sixth consecutive monthly decline, following a long string of increases between November 2020 and June 2022. The December 2022 preliminary values show decreases in the Equipment, Buildings  and Construction Labor subindices, while the Engineering & Supervision subindex saw a slight uptick. The current CEPCI value now sits at 4.2% higher than the corresponding value from December 2021. Meanwhile, the Current Business Indicators show a small decrease in the CPI output index for December 2022.