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Construction Cost Index Up in June 2015, says Statistics Bureau

RAMALLAH, July 26, 2015 (WAFA) - The Construction Cost Index (CCI) for Residential buildings reached 100.89 with an increase of 0.26% in the West Bank during June 2015 compared to May 2015, said a report issued by the Palestinian Central Bureau of Statistics (PCBS) on Sunday.

It said that, CCI rose due to the increase in the prices of labor wages by 1.44%, and rental equipments by 0.25%, while prices of raw materials decreased by 0.22% during June 2015 compared to the previous month.

Meanwhile, CCI for Non-residential buildings reached 101.13 with an increase of 0.32% in the West Bank during June 2015 compared to the previous month.

It rose due to the increase in the prices of labor wages by 1.44%, and rental of equipments by 0.21%, while raw materials slightly decreased during the same period.

As for CCI for Skeleton buildings, it reached 98.86 with a slight decrease of 0.08% in the West Bank during June 2015 compared to the previous month. It declined due to the decrease in prices of raw materials by 0.59%, while Labor wages increased by 1.24%, and rental of equipments by 0.06% during the same period.

The overall Road Cost Index (RCI) reached 112.74 with a decrease of 0.14% in the West Bank during June 2015 compared to May 2015.

It declined due to the decrease in the prices of raw materials by 0.21%, and rental of equipments by 0.05%, while operating costs of equipment & maintenance slightly increased by 0.08%, and labor wages by 0.02%, during the same period.

Meanwhile, the overall Water Networks Cost Index (WNCI) reached 110.05 with an increase of 0.13% in the West Bank during june 2015 compared to May 2015.

WNCI reached 112.23 with an increase of 0.38%, and Water Reservoirs Cost Index reached 105.26 with a decrease of 0.47% during the same period.

As for the overall Sewage Networks Cost Index (SNCI), it reached 107.44 with a slight increase of 0.04% in the West Bank during the same period.

T.R.

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