The preliminary value for the CE Plant Cost Index® (CEPCI) for May 2024 (most recent available) rose slightly compared to the previous month’s value. The final value for April 2024 was itself upwardly revised. The small uptick in the May CEPCI was a result of increases in the Equipment and Construction Labor subindices. The Buildings and Engineering & Supervision subindices saw very small declines. The current CEPCI value now sits at 1.1% lower than the corresponding value from May 2023. Meanwhile, the Current Business Indicators show increases in the CPI output index and the CPI operating rate for May 2024, and an increase in the CPI value of output for April 2024.
2024 CEPCI updates: May (prelim.) and April (final)
| By Scott Jenkins