The preliminary value for the CE Plant Cost Index (CEPCI) for January 2023 (most recent available) declined from the previous month’s value, continuing a series of seven consecutive monthly decreases in the CEPCI overall value. In addition, the final value for December 2022 was downwardly revised from its preliminary value in a larger-than-usual adjustment that may be due in part to recent volatility in steel prices. For January 2023, there were decreases observed in the Equipment, Construction Labor and Engineering & Supervision subindices, while the Buildings subindex was slightly higher. The current CEPCI value now sits at 1.0% higher than the corresponding value from January 2022.
2023 CEPCI updates: January (prelim.) and December 2022 (final)
| By Scott Jenkins, Chemical Engineering magazine