August 26, 2021

PCBS: Increase in Construction Cost Index

categories : real estate

RAMALLAH, Wednesday, August 25, 2021 (WAFA) – According to a report by the Palestinian Central Bureau of Statistics (PCBS), the Construction Cost Index (CCI) for residential buildings reached 113.59 with an increase of 0.50% in the West Bank during July 2021 compared with June 2021 (base year 2013=100).

At the level of major groups, the prices of raw materials increased by 0.82%, and rental of equipment increased by 0.28%. At the same time, labour costs and wages remained stable during July 2021 compared with the previous month.

The Construction Cost Index (CCI) for non-residential buildings reached 113.11 with an increase of 0.48% in the West Bank during July 2021 compared with June 2021 (Base year 2013=100).

At the level of major groups, the prices of raw materials increased by 0.77%, and rental of equipment increased by 0.21%. At the same time, labour costs and wages remained stable during July 2021 compared with the previous month.

The Construction Cost Index (CCI) for skeleton buildings reached 114.56 with an increase of 0.20% in the West Bank during July 2021 compared with June 2021 (Base year 2013=100).

At the level of major groups, the prices of raw materials increased by 0.29%, and rental of equipment increased by 0.27%. At the same time, labour costs and wages remained stable during July 2021 compared with the previous month.

The overall Road Cost Index (RCI) reached 108.92 with a decrease of 0.15% in the West Bank during July 2021 compared with June 2021 (Base month December 2008=100).

At the level of major groups, the price of raw materials decreased by 0.26%, and rental of equipment slightly decreased by 0.09%. At the same time, operating costs of equipment and maintenance group and labour costs and wages group remained stable during July 2021 compared with the previous month.

The overall Water Networks Cost Index (WNCI) reached 122.87 with a slightly increase of 0.03% in the West Bank during July 2021 compared with June 2021 (Base month January 2010=100).

Water Networks Cost Index reached 125.43 with an increase of 0.45%. while Reservoirs Cost reached 117.27 with a decrease of 0.96% during July 2021 compared with June 2021 (Base year 2013=100).

The overall Sewage Networks Cost Index (SNCI) reached 110.25 with an increase of 0.13% in the West Bank during July 2021 compared with June 2021 (Base month January 2010=100).

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