The preliminary value for the January 2018 CE Plant Cost Index (CEPCI; most recent available) increased compared to the previous month’s value. The Equipment, Buildings, and Engineering & Supervision subindices were all higher for January, pushing the overall monthly CEPCI value for January higher. It stands at 4.2% higher than the corresponding value from January 2017. The Construction Labor subindex fell slightly in January.
And because the final numbers from 2017 are now all available, the annual 2017 CEPCI value can be calculated. At 567.5, the 2017 annual index represents an increase over the 2016 annual value (541.7) by 4.8%. The annual values represent averages of the monthly values for a given year.
update: The annual 2018 CEPCI value is available here: https://www.chemengonline.com/2019-cepci-updates-january-prelim-and-december-2018-final/