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

| By Scott Jenkins

The preliminary value for the CE Plant Cost Index (CEPCI) for June 2022 (most recent available) edged higher than the previous month’s value, continuing the upward trend of the last 18 months, although at a slower pace. In June, small upticks were observed in the Equipment, Construction Labor and Engineering & Supervision subindices, while the Buildings subindex fell. The current CEPCI value now sits at 18.8% higher than the corresponding value from June 2021. Meanwhile, the Current Business Indicators show  decreases in the CPI output index and the CPI operating rate for June 2022, and a small increase in the CPI value of output for May 2022.