West Bank – Construction Costs Increase

West Bank – Construction Costs Increase

Construction Cost Index (CCI), Road Cost Index (RCI), Water Networks Cost Index (WNCI) and Sewage Networks Cost Index (SNCI) in the West Bank* during September, 09/2021

Increase in the Construction Cost Index (CCI) for Residential Buildings

The Construction Cost Index (CCI) for residential buildings in the West Bank* reached 114.21 with an increase of 0.61% during September 2021 compared with August 2021 (base year 2013=100).

At the level of major groups, the price of labor costs and wages increased by 0.71%, and the price of raw material by 0.29%. While the price of rental of equipment slightly decreased by 0.05% during September 2021 compared with the previous month.

Increase in the Construction Cost Index (CCI) for Non-residential Buildings

The Construction Cost Index (CCI) for non- residential buildings in the West Bank* reached 113.66 with an increase of 0.58% during September 2021 compared with August 2021 (Base year 2013=100).

At the level of major groups, the price of labor costs and wages increased by 0.71%, and the price of raw material by 0.23%. While the price of rental of equipment slightly decreased by 0.02% during September 2021 compared with the previous month.

Increase in the Road Cost Index (RCI)

The overall Road Cost Index (RCI) in the West Bank reached 109.16 with an increase of 0.19% during September 2021 compared with August 2021 (Base month December 2008=100).

At the level of major groups, the price of labor costs and wages increased by 0.92%, and the price of raw material by 0.24%. While the price of rental of equipment decreased by 0.23%, and the price of operating cost of equipment and maintenance slightly decreased by 0.08%.

Increase in the Water Networks Cost Index (WNCI)

The overall Water Networks Cost Index (WNCI) reached 123.67 with an increase of 0.66% in the West Bank* during September 2021 compared with August 2021 (Base month January 2010=100).

Water networks Cost Index reached 126.97 with an increase of 0.97%. While water reservoirs Cost reached 116.42 with a slight decrease of 0.09% during September 2021 compared with August 2021(Base year 2013=100).

Increase in the Sewage Networks Cost Index (SNCI)

The overall Sewage Networks Cost Index (SNCI) in the West Bank* reached 110.61 with an increase of 0.56% during September 2021 compared with August 2021 (Base month January 2010=100).

 

Source – Palestinian Central Bureau

Published on: 25/10/2021

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