2023 CEPCI updates: March (prelim.) and February (final)

The preliminary value for the CE Plant Cost Index (CEPCI) for March 2023 (most recent available) is slightly higher than the February values. All four subindices (Equipment, Buildings, Construction Labor, and Engineering & Supervision) rose slightly from the previous month. The final February CEPCI value was downwardly revised from its preliminary value, due in part to new Bureau of Labor Statistics data that were published for two producer price index (PPI) series IDs that had remained unpublished, and therefore unchanged, for several months prior to this one. The current CEPCI value now sits at 0.5% lower than the corresponding value from one year before. The CPI Output Index for March was down slightly.