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Comment Business & Economics

2022 CEPCI updates: March (prelim.) and Feb. (final)

By Scott Jenkins |

The preliminary value for the CE Plant Cost Index (CEPCI) for March 2022 (the most recent available) rose compared to the previous month. However, the final CEPCI value for February 2022 was revised downwardly from its initial value. In March, all four of the major subindices (Equipment, Construction Labor, Buildings and Engineering & Supervision) were slightly higher in March than then previous month. The current CEPCI value now sits at 23.0% higher than the corresponding value from March 2021. Meanwhile, the Current Business Indicators show small increases in the CPI output index and the CPI operating rate for March 2022, and a small increase in the CPI value of output for February 2022.

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