The preliminary value for the CE Plant Cost Index (CEPCI) for May 2022 (most recent available) is once again higher than the previous month’s value, continuing the string of monthly increases that has been observed since autumn 2020. In May of this year, increases occurred in the Equipment, Buildings and Construction Labor subindices, while the Engineering & Supervision subindices saw a very small decrease. The current CEPCI value now sits at 21.1% higher than the corresponding value from May 2021. Meanwhile, the Current Business Indicators show increases in the CPI output index and the CPI operating rate for May 2021, and a small decrease in the CPI value of output for April 2021.
2022 CEPCI updates: May (prelim.) and April (final)
| By Scott Jenkins