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2024 CEPCI updates: January (prelim.) and December 2023 (final)

| By Scott Jenkins

The preliminary value for the CE Plant Cost Index® (CEPCI) for January 2024 (most recent available and first data available for this year) increased compared to the previous month. This increase is the second consecutive monthly rise, and is larger than the previous gain. The January increase was largely driven by increases in the Equipment and Buildings subindices. The Engineering & Supervision subindex rose slightly, and the Construction Labor subindex declined by a small amount. The current CEPCI value now sits at 0.9% lower than the corresponding value from January 2023. Meanwhile, the Current Business Indicators (middle) show decreases in the CPI output index and CPI operating rate for January 2024.