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2024 CEPCI updates: March (prelim.) and February (final)

| By Scott Jenkins

The preliminary value for the CE Plant Cost Index (CEPCI) for March 2024 (most recent available) is higher than the previous month’s value, albeit by a very small margin. The small uptick is the third consecutive monthly rise. In March, small increases were observed in the Equipment and Construction Labor subindices, while the Engineering & Supervision and Building subindices saw very small decreases. The current CEPCI value now sits at 0.2% higher than the corresponding value from March 2023. Meanwhile, the Current Business Indicators show small increases in the CPI output index and the CPI operating rate for March 2024, and an increase in the CPI value of output for February 2024.