Mobile Navigation

Chemical Engineering

View Comments

2023 CEPCI updates: July (prelim.) and June (final)

| By Scott Jenkins

The preliminary value for the CE Plant Cost Index (CEPCI) for July 2023 (most recent available) fell compared to the previous month’s value, the second straight monthly decline. To arrive at the decline in the overall CEPCI for July, decreases in the Equipment, Buildings and Engineering & Supervision subindices offset an increase in the Construction labor subindex. The current CEPCI value now sits at 3.8% lower than the corresponding value from July 2022. Meanwhile, the Current Business Indicators show decreases in the CPI output index and the CPI operating rate for July 2023, and a slight increase in the CPI value of output for June 2023.