RAMALLAH, Thursday, May 23, 2024 (WAFA) – A slight increase has been noted in the Construction Cost Index (CCI) for residential buildings in the month of April, 2024, according to a report by Palestinian Central Bureau of Statistics (PCBS).
The Construction Cost Index (CCI) for residential buildings in the West Bank* reached 120.73 with a slight increase of 0.08% during April 2024 compared with March 2024 (base year 2013=100).
At the level of major groups, the prices of raw material increased by 0.14%. While, the prices of rental of equipment slightly decreased by 0.05%. At the same time, the prices of the labour costs and wages remained stable during April 2024 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 in the West Bank* reached 119.70 with an increase of 0.11% during April 2024 compared with March 2024 (base year 2013=100).
At the level of major groups, the prices of raw material increased by 0.19%. While, the prices of rental of equipment slightly decreased by 0.06%. At the same time, the prices of the labour costs and wages remained stable during April 2024 compared with the previous month.
Increase in the Construction Cost Index (CCI) for Skeleton Buildings
The Construction Cost Index (CCI) for skeleton buildings in the West Bank* reached 119.49 with an increase of 0.23% during April 2024 compared with March 2024 (Base year 2013=100).
At the level of major groups, the prices of raw material increased by 0.37%. While, the prices of rental of equipment slightly decreased by 0.05%. At the same time, the prices of the labour costs and wages remained stable during April 2024 compared with the previous month.
Slight increase in the Road Cost Index (RCI)
The overall Road Cost Index (RCI) in the West Bank* reached 117.85 with a slight increase of 0.08% during April 2024 compared with March 2024 (Base month December 2008=100).
At the level of major groups, the prices of raw material increased by 0.17%. While, the prices of operating costs of equipment and maintenance decreased by 0.77%, and the prices of rental of equipment slightly decreased by 0.06%. At the same time, the prices of the labour costs and wages remained stable during April 2024 compared with the previous month.
Increase in the Water Networks Cost Index (WNCI)
The overall Water Networks Cost Index (WNCI) in the West Bank* reached 129.63 with an increase of 0.11% during April 2024 compared with March 2024 (Base month January 2010=100).
Water Networks Cost Index reached 134.49 with an increase of 0.13%, and the Water Reservoirs Cost Index reached 118.95 with a slight increase of 0.06% during April 2024 compared with March 2024.
Increase in the Sewage Networks Cost Index (SNCI)
The overall Sewage Networks Cost Index (SNCI) in the West Bank* reached 117.22 with an increase of 0.21% during April 2024 compared with March 2024 (Base month January 2010=100).
K.T
