Palestinian Central Bureau of Statistics (PCBS)

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

during December, 12/2022

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

The Construction Cost Index (CCI) for residential buildings in the West Bank* reached 119.23 with a decrease of 0.26% during December 2022 compared with November 2022 (base year 2013=100).

At the level of major groups, the price of raw material decreased by 0.70%.While, the labour costs and wages increased by 0.59%, and the prices of rental of equipment increased by 0.55% during December 2022 compared with the previous month.

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 118.33 with a decrease of 0.27% during December 2022 compared with November 2022 (base year 2013=100).

At the level of major groups, the price of raw material decreased by 0.68%.While, the labour costs and wages increased by 0.59%, and the prices of rental of equipment increased by 0.52% during December 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 118.87 with a decrease of 0.96% during December 2022 compared with November 2022 (Base year 2013=100).

At the level of major groups, the price of raw materials decreased by 1.46%. While, the price of rental of equipment increased by 0.54%, and the labour costs and wages slightly increased   by 0.03% during December 2022 compared with the previous month.

Decrease in the Road Cost Index (RCI)

The overall Road Cost Index (RCI) in the West Bank* reached 115.52 with a decrease of 0.19% during December 2022 compared with November 2022 (Base month December 2008=100).

At the level of major groups, the prices of rental of equipment decreased by 0.35%, the price of raw material decreased by 0.25%, and  the prices of operating costs of equipment and maintenance decreased by 0.24%. While, the labour costs and wages increased by 0.17% during December 2022 compared with the previous month.

Decrease in the Water Networks Cost Index (WNCI)

The overall Water Networks Cost Index (WNCI) in the West Bank* reached 128.47 with a decrease of 0.65% during December 2022 compared with November 2022 (Base month January 2010=100).

Water reservoirs Cost Index reached 120.23 with a decrease of 1.65%, and water networks Cost Index reached 132.22 with a decrease of 0.23% during December 2022 compared with November 2022.

Slight decrease in the Sewage Networks Cost Index (SNCI)

The overall Sewage Networks Cost Index (SNCI) in the West Bank* reached 115.31 with a slight decrease of 0.08% during December 2022 compared with November 2022 (Base month January 2010=100).

Notice:

1.    Gaza Strip data is not available.

2.    The difference in the percentage change in major groups of roads, construction, water networks, and sewage networks cost index is due to the nature compositions of these major groups.

Note:

*Data exclude those parts of Jerusalem, which were annexed by Israeli Occupation in 1967.