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PCBS | PCBS: The Price Indices for Construction Cost, Road Cost, Water Networks Cost, Sewage Networks Cost in the West Bank, November, 11/2017.

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, 11/2017

Slight decrease in the Construction Cost Index (CCI) for Residential Buildings
The Construction Cost Index (CCI) for residential buildings reached 105.07 with a slight decrease of 0.01% in the West Bank* during November 2017 compared with October 2017 (base year 2013=100).

The CCI for residential buildings slightly decreased due to the decrease in rental of equipment by 0.26%. At the same time, both the prices of raw materials and labour wages remained stable during November 2017 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 reached 105.08 with a slight decrease of 0.04% in the West Bank* during November 2017 compared with October 2017 (base year 2013=100).

The CCI for non-Residential buildings slightly decreased due to the decrease in rental of equipment by 0.22%, and the prices of raw materials slightly decreased by 0.05%. At the same time, labour wages remained stable during November 2017 compared with the previous month.

Slight decrease in the Construction Cost Index (CCI) for Skeleton Buildings
The Construction Cost Index (CCI) for skeleton buildings reached 104.12 with a slight decrease of 0.01% in the West Bank* during November 2017 compared with October 2017 (base year 2013=100).

The CCI for skeleton buildings slightly decreased due to the slight decrease in rental of equipment by 0.05%, and the prices of raw materials by 0.01%. At the same time, labour wages remained stable during November 2017 compared with the previous month.

Decrease in the Road Cost Index (RCI)
The overall Road Cost Index (RCI) reached 108.81 with a decrease of 0.34% in the West Bank* during November 2017 compared with October 2017 (base month December 2008=100).

The overall RCI decreased due to the decrease in the  prices of raw materials by 0.56%, operating costs of equipment and maintenance by 0.15%, and rental of equipment slightly decreased by 0.07%. At the same time, labour wages remained stable during November 2017 compared with the previous month.

Decrease in the Water Networks Cost Index (WNCI)

The overall Water Networks Cost Index (WNCI) reached 112.78 with a decrease of 0.10% in the West Bank* during November 2017 compared with October 2017 (base month January 2010=100).

Water Reservoirs Cost Index reached 107.36 with a decrease of 0.30%, and Water Networks Cost Index reached 115.25 with a slight decrease of 0.01% during November 2017 compared with the previous month.

Decrease in the Sewage Networks Cost Index (SNCI)

The overall Sewage Networks Cost Index (SNCI) reached 109.02 with a decrease of 0.10% in the West Bank* during November 2017 compared with October 2017 (base month January 2010=100).


Note:
*: The data of  West Bank doesn't include that part of Jerusalem governorate which was annexed forcefully by Israel following its occupation of the West Bank    in 1967.

NB:
1.    Gaza Strip data is not available.
2.    The difference in the percentage change in major groups of road, construction, water networks, and sewage networks cost index is due to the nature compositions of these major groups.

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