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Comment Business & Economics

2021 CEPCI updates: July (prelim.) and June (final)

By Scott Jenkins |

The preliminary value for the CE Plant Cost Index (CEPCI) for July 2021 (most recent available) continued the string of sizable monthly increases from the beginning of the year. In July, all four of the major subindices (Equipment, Buildings, Construction Labor and Engineering & Supervision)saw increases, with the largest uptick observed in the Equipment subindex.  The current CEPCI value represents a 21.4% change over a year ago at the same time. Meanwhile, the Current Business Indicators show an increase in the CPI Output Index for August, as well as an increase in the CPI Value of Output for July. In addition, the CPI Operating Rate and Productivity Index rose in August.

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