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

RAMALLAH: The Palestinian Central Bureau of Statistics (PCBS) has Sunday issued a statement on the Construction Cost Index (CCI), Road Cost Index (RCI), Water Networks Cost Index (WNCI) and Sewage Networks Cost Index (SNCI) in the West Bank during November in 2023.

The Construction Cost Index (CCI) for residential buildings in the West Bank reached 121.39 with an increase of 0.40% during November 2023 compared with October 2023 (base year 2013=100).

At the level of major groups, the prices of raw material increased by 0.68%, and the prices of rental of equipment increased by 0.14%. At the same time, the prices of the labour costs and wages remained stable during November 2023 compared with the previous month.

The Construction Cost Index (CCI) for non-residential buildings in the West Bank reached 120.33 with an increase of 0.36% during November 2023 compared with October 2023 (base year 2013=100).

At the level of major groups, the prices of raw material increased by 0.59%, and the prices of rental of equi
pment slightly increased by 0.08%. At the same time, the prices of the labour costs and wages remained stable during November 2023 compared with the previous month.

The Construction Cost Index (CCI) for skeleton buildings in the West Bank reached 120.52 with an increase of 0.74% during November 2023 compared with October 2023 (Base year 2013=100).

At the level of major groups, the prices of raw material increased by 1.17%, and the prices of rental of equipment increased by 0.14%. At the same time, the prices of the labour costs and wages remained stable during November 2023 compared with the previous month.

The overall Road Cost Index (RCI) in the West Bank reached 118.65 with an increase of 0.69% during November 2023 compared with October 2023 (Base month December 2008=100).

At the level of major groups the price of raw material increased by 0.99%, and the prices of rental of equipment increased by 0.37%. While, the prices of operating costs of equipment and maintenance, and the prices of labour costs an
d wages remained stable during November 2023 compared with the previous month.

The overall Water Networks Cost Index (WNCI) in the West Bank reached 130.79 with an increase of 0.42% during November 2023 compared with October 2023 (Base month January 2010=100).

Water Reservoirs Cost Index reached 121.70 with an increase of 1.07%, and the Water Networks Cost Index reached 134.92 with an increase of 0.16% during November 2023 compared with October 2023.

The overall Sewage Networks Cost Index (SNCI) in the West Bank reached 117.76 with an increase of 0.18% during November 2023 compared with October 2023 (Base month January 2010=100).
Source: Palestine News and Information Agency – WAFA