Palestinian Central Bureau of Statistics (PCBS)

Construction Cost Index (CCI), Road Cost Index (RCI), Water Networks Cost Index (WNCI) and Sewage Networks Cost Index (SNCI) in the West Bank during March, 2014

Increase in the Construction Cost Index for Residential Buildings

The Construction Cost Index for Residential buildings reached 100.53 with an increase of 0.16% in the West Bank during March 2014 compared to February 2014 (base year 2013=100).

The Construction Cost Index for Residential buildings increased due to the increase in the prices of labor wages by 0.38%, rental of equipments by 0.14%, and raw materials by 0.03% during March 2014 compared to previous month.

Increase in the Construction Cost Index for Non-residential  Buildings

The Construction Cost Index for Non-residential buildings reached 100.50 with an increase of 0.17% in the West Bank during March 2014 compared to February 2014 (base year 2013=100).

The Construction Cost Index for Non-residential buildings increased due to the increase in the prices of labor wages by 0.38%, rental of equipments by 0.23%, and raw materials by 0.06% during March 2014 compared to previous month.

Increase in the Construction Cost Index for Skeleton Buildings

The Construction Cost Index for Skeleton buildings reached 100.42 with a slight increase by 0.08% in the West Bank during March 2014 compared to February 2014 (base year 2013=100).

The Construction Cost Index for Skeleton buildings increased due to the increase in the prices of rental of equipments by 0.15%, raw materials by 0.08%, and  labor wages remained quit stable with a slight increase by 0.01% during March 2014 compared to previous month.

Increase  in the Road Cost Index (RCI)

The overall Road Cost Index (RCI) reached 117.75 with an increase of 0.47% in the West Bank during March 2014 compared to February 2014 (base month December 2008=100).

The Road Cost Index for March 2014 increased due to the increase in the operating costs of equipment & maintenance by 1.83%, labor wages by 0.65%, raw materials by 0.57%, and rental of equipments by 0.13% during March 2014 compared to previous month.

Increase in the Water Networks Cost Index (WNCI)

The overall Water Networks Cost Index (WNCI) reached 111.90 with an increase of 0.31% in the West Bank during March 2014 compared to February 2014 (base month January 2010=100).

Water Networks Cost Index reached 113.07 with an increase of 0.35%. Also, Water Reservoirs Cost Index reached 109.34 with an increase of 0.22% during March 2014 compared to previous month.

Decrease in the Sewage Networks Cost Index

The overall Sewage Networks Cost Index (SNCI) reached 108.23 with a slight decrease of 0.09% in the West Bank during March 2014 compared to February 2014 (base month January 2010=100).

Note:

The data of the West Bank doesn’t cover those parts of Jerusalem which were annexed by Israel in 1967.

NB:

1.      Gaza Strip data is not available.

2.      The difference in the percentage change in major groups of road, construction, water networks, and sewage networks cost index is due to the nature compositions of these major groups.

*Data collection of Construction, Road, Water Networks, and Sewage Networks Cost Index survey  was funded by the European Union.