RAMALLAH, Sunday, October 25, 2020 (WAFA) – The Construction Cost Index (CCI) for residential buildings increased by 0.13% in the West Bank during September 2020 compared with August 2020, said the Palestinian Central Bureau of Statistics (PCBS) today in a press release.
It said CCI for residential buildings reached 105.97 with an increase of 0.13% in the West Bank during September 2020 compared with August 2020 (base year 2013=100).
At the level of major groups, labor costs and wages increased by 0.34%, rental of equipment increased by 0.15%, and the prices of raw materials slightly increased by 0.03% during September 2020 compared with the previous month.
Increase in the Construction Cost Index (CCI) for Non-residential Buildings
The Construction Cost Index (CCI) for non-residential buildings reached 105.69 with an increase of 0.13% in the West Bank during September 2020 compared with August 2020.
At the level of major groups, labor costs and wages increased by 0.34%, rental of equipment increased by 0.12%, and the prices of raw materials slightly increased by 0.04% during September 2020 compared with the previous month.
Increase in the Construction Cost Index (CCI) for Skeleton Buildings
The Construction Cost Index (CCI) for skeleton buildings reached 103.16 with an increase of 0.26% in the West Bank during September compared with August.
At the level of major groups, labor costs and wages increased by 0.96%, rental of equipment increased by 0.15%, while the prices of raw materials slightly decreased by 0.07% during September 2020 compared with the previous month.
Decrease in the Road Cost Index (RCI)
The overall Road Cost Index (RCI) reached 107.77 with a decrease of 0.41% in the West Bank during September compared with August.
At the level of major groups, rental of equipment decreased by 0.67%, the prices of raw materials decreased by 0.58%, and operating costs of equipment and maintenance decreased by 0.20%, while labor costs and wages increased by 0.31% during September 2020 compared with the previous month.
Increase in the Water Networks Cost Index (WNCI)
The overall Water Networks Cost Index (WNCI) reached 114.23 with an increase of 0.18% in the West Bank during September compared with August (base month January 2010=100).
Water Networks Cost Index reached 119.77 with an increase of 0.24%, and Water Reservoirs Cost Index reached 102.06 with a slight increase of 0.05% during September 2020 compared with the previous month.
Slight Decrease in the Sewage Networks Cost Index (SNCI)
The overall Sewage Networks Cost Index (SNCI) reached 109.55 with a slight decrease of 0.09% in the West Bank during September 2020 compared with August 2020 (base month January 2010=100).
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