I D
× COMMENTARYIN THE NEWSNEWSFRONTSCHEMENTATOR + Show More
Chemical EngineeringChementator briefs
Mercury removal Scientists at Flinders University (Adelaide, Australia; www.flinders.edu.au) have…
BUSINESS NEWSTECHNICAL & PRACTICALTOWER DOCTORFEATURE REPORTFACTS AT YOUR FINGERTIPSENGINEERING PRACTICEYOU AND YOUR JOBEQUIPMENT & SERVICESFOCUS
Weighing and Dosing
Pressure compensation ups accuracy in LIW feeders Loss-in-weight (LIW) feeder…
NEW PRODUCTS + Show More

Comment Business & Economics

CEPCI Annual Average Value Rises Precipitously from Last Year

By Scott Jenkins, Chemical Engineering magazine |

The value of the 2021 Chemical Engineering Plant Cost Index (CEPCI), calculated as an average of the monthly values for the year, was higher than the annual value for 2020 by a large margin, as the CEPCI has risen each month since November 2020. The 2020 value, in turn, was actually lower than 2019, but the trend quickly reversed during the economic recovery that occurred last year, giving way to a much elevated annual CEPCI value for 2021.  The CEPCI is calculated based on a set of Producer Price Index (PPI) data from the U.S. Bureau of Labor Statistics (BLS; Washington, D.C.; www.bls.gov). While almost all PPIs that are incorporated into the CEPCI showed higher values throughout 2021, compared to 2020, to a large extent, the significant increase in the CEPCI during 2021 has to do with increasing prices for steel and other metallurgical products. Many of the PPI components that are related to metals have been on the rise since late 2020 and throughout 2021. For example, the PPI for steel mill products was 127.9% higher from December 2020 to December 2021 and 74.4% higher from February 2021 to February 2022, according to BLS data. Also, steel pipe and tubing was up 79.8% for 2021 and 71.8% between Feb. 2021 and Feb. 2022. Because…
Related Content

Chemical Engineering publishes FREE eletters that bring our original content to our readers in an easily accessible email format about once a week.
Subscribe Now
GMP In The Cosmetic Industry
Solve turbomachinery problems: Miba Tilting Pad Bearings
Six Steps to Designing a Storage Vessel That Really Works
SICK Solutions for Cleaner Industries - Powerful Transitions
Gain a Digital Line of Sight Across the Whole Lifecycle of the Plant with a Digital Twin

View More