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A rise in construction, road, water networks, and sewage networks cost indexes recorded in April

A rise in construction, road, water networks, and sewage networks cost indexes recorded in April

RAMALLAH, Wednesday, May 25, 2022 (WAFA) – A rise was recorded in April for construction cost index (CCI), road cost index (RCI), water networks cost index (WNCI), and sewage networks cost index (SNCI) in the West Bank, today said the Palestinian Central Bureau of Statistics (PCBS).

The CCI for residential buildings increased by 0.67% during April compared with March due to an increase in prices of raw materials by 1.08%, and the prices of rental of equipment by 0.74%. At the same time, labor costs and wages remained stable.

The CCI for non-residential buildings also increased by 0.66% during April due to the increase in the prices of raw materials by 1.03%, and the prices of rental of equipment by 0.75%. At the same time, labor costs and wages remained stable.

The CCI for skeleton buildings increased by 0.83% due to the increase in the prices of raw materials by 1.22%, and the prices of rental of equipment by 0.74%. At the same time, labor costs and wages remained stable.

The overall RCI in the West Bank increased by 0.79% during April compared with March due to the increase in the prices of operating costs of equipment and maintenance by 4.49%, the prices of rental of equipment by 1.70%, and the prices of raw material by 0.62%. At the same time, labor costs and wages remained stable during April compared with the previous month.

The overall WNCI also increased by 0.80% during April, the water reservoirs cost index increased by 1.04%, the water networks cost index increased by 0.69%, and SNCI increased by 0.42% during April compared with March, said the PCBS.

M.K.

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