The preliminary value for the CE Plant Cost Index (CEPCI) for July 2022 (most recent available) fell slightly from the previous month’s final value, which was downwardly revised by a small amount. The month-to-month decrease is the first in the overall CEPCI value since September 2020. The Equipment subindex, as well as the Buildings and Engineering & Supervision subindices decreased in July 2022, while the Construction Labor subindex climbed slightly higher. The current CEPCI value now sits at 15.2% higher than the corresponding value from July 2021. Meanwhile, the Current Business Indicators for July 2022 showed a slight increase in the CPI Output Index over the previous month’s value.
2022 CEPCI updates: July (prelim.) and June (final)
| By Scott Jenkins