The Price Indices For Construction Cost, Road Cost, Water Networks Cost, Sewage Networks Cost In The West Bank, During January, 01/2022

Construction Cost Index (CCI), Road Cost Index (RCI), Water Networks Cost Index (WNCI) and Sewage Networks Cost Index (SNCI) in the West Bank* During January, 01/2022

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

The Construction Cost Index (CCI) for residential buildings in the West Bank* reached 115.71 with a slight increase of 0.01% during January 2022 compared with December 2021 (base year 2013=100).

At the level of major groups, the prices of rental of equipment increased by 1.09%, while the price of raw material slightly decreased by 0.05%. At the same time, labour costs and wages remained stable during January 2022 compared with the previous month.

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

The Construction Cost Index (CCI) for non-residential buildings in the West Bank* reached 115.03 with a slight decrease of 0.06% during January 2022 compared with December 2021 (Base year 2013=100).

At the level of major groups, the prices of raw material decreased by 0.16%, while the price of rental of equipment increased by 1.17%. At the same time, labour costs and wages remained stable during January 2022 compared with the previous month.

Decrease in the Construction Cost Index (CCI) for Skeleton Buildings

The Construction Cost Index (CCI) for skeleton buildings in the West Bank* reached 116.76 with a decrease of 0.17% during January 2022 compared with December 2021 (Base year 2013=100).

At the level of major groups, the prices of raw material decreased by 0.32%, while the price of rental of equipment increased by 1.10%. At the same time, labour costs and wages remained stable during January 2022 compared with the previous month.

Decrease in the Road Cost Index (RCI)

The overall Road Cost Index (RCI) in the West Bank* reached 110.74 with a decrease of 0.20% during January 2022 compared with December 2021 (Base month December 2008=100).

At the level of major groups, the price of rental of equipment decreased by 0.36%, and the price of raw material decreased by 0.22%. At the same time, operating costs of equipment and maintenance and labour costs and wages remained stable during January 2022 compared with the previous month.

Increase in the Water Networks Cost Index (WNCI)

The overall Water Networks Cost Index (WNCI) reached 126.19 with an increase of 0.42% in the West Bank* during January 2022 compared with December 2021 (Base month January 2010=100).

Water networks Cost Index reached 129.30 with an increase of 0.93%, while water reservoirs Cost reached 119.34 with a decrease of 0.77% during January 2022 compared with December 2021

Increase in the Sewage Networks Cost Index (SNCI)

The overall Sewage Networks Cost Index (SNCI) in the West Bank* reached 111.65 with an increase of 0.13% during January 2022 compared with December 2021 (Base month January 2010=100).

Source: Palestine Central Bureau of Statistics