RAMALLAH, Thursday, December 23, 2021 (WAFA) – The
spike in the prices of raw materials have shifted the construction indexes
upward, according to the Palestinian Central Bureau of Statistics (PCBS).
PCBS said in a press statement that the rising prices
of raw materials have shifted 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 2021 upward, noting that the date
exclude those parts of Jerusalem, which were annexed by Israeli Occupation in
1967.
CCI for residential buildings in the West
Bank reached 116.02 with an increase of 1.14% during November 2021 compared
with October 2021.
At the level of major groups, the prices of
raw material increased by 1.92%, while the price of rental of equipment
decreased by 0.14%. At the same time, labour costs
and wages remained stable during November 2021 compared with the previous
month.
CCI for non-residential buildings in the
West Bank reached 115.40 with an increase of 1.09% during November 2021
compared with October 2021.
At the level of major groups, the prices of
raw material increased by 1.78%, while the price of rental of equipment
decreased by 0.14%. At the same time, labour costs
and wages remained stable during November 2021 compared with the previous
month.
CCI for skeleton buildings in the West Bank
reached 117.42 with an increase of 2.16% during November 2021 compared with
October 2021.
At the level of major groups, the prices of
raw material increased by 3.36%, while the price of rental of equipment
decreased by 0.14%. At the same time, labour costs
and wages remained stable during November 2021 compared with the previous
month.
Meanwhile, the overall Road Cost Index
(RCI) in the West Bank reached 110.93 with an increase of 1.22% during November
2021 compared with October 2021.
At the level of major groups, the price of
raw material increased by 1.79%, operating cost of equipment increased by
0.89%, and rental of equipment increased by 0.65%. At the same time, labour costs and wages remained stable during November 2021
compared with the previous month.
In the meantime, the overall Water Networks
Cost Index (WNCI) reached 125.77 with an increase of 1.32% in the West Bank
during November 2021 compared with October 2021.
Water reservoirs cost reached 121.12 with
an increase of 2.88%, and WNCI reached 127.89 with an increase of 0.66% during
November 2021 compared with October 2021.
As for the overall Sewage Networks Cost
Index (SNCI) in the West Bank, it reached 111.33 with an increase of 0.53%
during November 2021 compared with October 2021.
PCBS pointed that data on the Gaza Strip
was not available and that 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.
K.F.
