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2022 CEPCI updates: July (prelim.) and June (final)

| By Scott Jenkins

The preliminary value for the CE Plant Cost Index (CEPCI) for July 2022 (most recent available) fell slightly from the previous month’s final value, which was downwardly revised by a small amount. The month-to-month decrease is the first in the overall CEPCI value since September 2020. The Equipment subindex, as well as the Buildings and Engineering & Supervision subindices decreased in July 2022, while the Construction Labor subindex climbed slightly higher. The current CEPCI value now sits at 15.2% higher than the corresponding value from July 2021. Meanwhile, the Current Business Indicators for July 2022 showed a slight increase in the CPI Output Index over the previous month’s value.