RAMALLAH, January 31, 2009 (WAFA)- Palestinian Central Bureau Of Statistics (PCBS) said, Thursday, that the Construction Cost Index (CCI) in the West Bank, excluding East Jerusalem declined by 0.41% in December 2008.

The overall CCI for the West Bank, excluding East Jerusalem, reached 107.64 in December 2008 compared with 108.08  during the previous month (Considering that December 2007=100).

Analysis of Construction Cost developments for December indicates decreases in the major construction cost groups. The biggest decrease was in the coat of cutting and shaping stones (-1.75%), and the smallest was in the cost of quarrying stone and sand (-0.39%).

At the same time, there were increases registered for other major groups; the highest was in wood products cost (+1.30%) and the lowest was in cement products cost (+.043%).