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 June, 06/2016

Increase in the Construction Cost Index for Residential Buildings

The Construction Cost Index for Residential buildings reached 103.12 with an increase of 0.51% in the West Bank* during June compared with May 2016 (base year 2013=100).

The Construction Cost Index for Residential buildings increased due to the increase in labor wages by 2.79%, while the prices of raw materials decreased by 0.58%, and rental of equipment decreased by 0.25% during June 2016 compared with the previous month.

Increase in the Construction Cost Index for Non-residential Buildings

The Construction Cost Index for Non-residential buildings reached 103.28 with an increase of 0.51% in the West Bank* during June compared with May 2016 (base year 2013=100).

The Construction Cost Index for Non-residential buildings increased due to the increase in labor wages by 2.79%, while the prices of raw materials decreased by 0.48%, and rental of equipment decreased by 0.28% during June 2016 compared with the previous month.

Decrease in the Construction Cost Index for Skeleton Buildings

The Construction Cost Index for Skeleton buildings reached 101.16 with a decrease of 0.68% in the West Bank* during June compared with May 2016 (base year 2013=100).

The Construction Cost Index for Skeleton buildings decreased due to the decrease in the prices of raw materials by 1.97%, and rental of equipment by 0.27%, while labor wages increased by 2.17% during June 2016 compared with the previous month.

Slight increase in the Road Cost Index (RCI)

The overall Road Cost Index (RCI) reached 108.05 with a slight increase of 0.08% in the West Bank* during June compared with May 2016 (base month December 2008=100).

The overall Road Cost Index increased due to the increase in operating costs of equipment & maintenance by 2.56%, labor wages by 1.64%, as well as, rental of equipment slightly increased by 0.02%, while the prices of raw materials decreased by 0.23% during June 2016 compared with the previous month.

Decrease in the Water Networks Cost Index (WNCI)

The overall Water Networks Cost Index (WNCI) reached 111.31 with a decrease of 0.52% in the West Bank* during June compared with May 2016 (base month January 2010=100).

Water Reservoirs Cost Index reached 104.91 with a decrease of 2.06%, while Water Networks Cost Index reached 114.23 with an increase of 0.14% during June 2016 compared with the previous month.

Decrease in the Sewage Networks Cost Index(SNCI)

The overall Sewage Networks Cost Index (SNCI) reached 107.09 with a decrease of 0.50% in the West Bank* during June compared with May 2016 (base month January 2010=100).

Note: The data of  West Bank doesn't include that part of Jerusalem which was annexed forcefully by Israel following its occupation of the West Bank 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.