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

 January, 01/2017

Increase in the Construction Cost Index (CCI) for Residential Buildings

The Construction Cost Index (CCI) for Residential buildings reached 103.29 with an increase of 0.27% in the West Bank* during January 2017 compared with December 2016 (base year 2013=100).

The Construction Cost Index for Residential buildings increased due to the increase in the prices of raw materials by 0.46%, while rental of equipment decreased by 0.24%. At the same time, labor wages remained stable during January 2017 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 reached 103.30 with an increase of 0.22% in the West Bank* during January 2017 compared with December 2016 (base year 2013=100).

The Construction Cost Index for Non-Residential buildings increased due to the increase in the prices of raw materials by 0.36%, while rental of equipment decreased by 0.24%. At the same time, labor wages remained stable during January 2017 compared with the previous month.

Increase in the Construction Cost Index (CCI) for Skeleton Buildings

The Construction Cost Index (CCI) for Skeleton buildings reached 101.58 with an increase of 0.65% in the West Bank* during January 2017 compared with December 2016 (base year 2013=100).

The Construction Cost Index for Skeleton buildings increased due to the increase in the prices of raw materials by 1.01%, while rental of equipment decreased by 0.17%. At the same time, labor wages remained stable during January 2017 compared with the previous month.

Increase in the Road Cost Index (RCI)

The overall Road Cost Index (RCI) reached 108.51 with an increase of 0.48% in the West Bank* during January 2017 compared with December 2016 (base month December 2008=100).

The overall Road Cost Index increased due to the increase in operating costs of equipment & maintenance by 1.58%, and the prices of raw materials by 0.81%, while rental of equipment decreased by 0.27%. At the same time, labor wages remained stable during January 2017 compared with the previous month.

Increase in the Water Networks Cost Index (WNCI)

The overall Water Networks Cost Index (WNCI) reached 111.80 with an increase of 0.28% in the West Bank* during January 2017 compared with December 2016 (base month January 2010=100).

Water Reservoirs Cost Index reached 104.58 with an increase of 0.55%, and Water Networks Cost Index reached 115.09 with an increase of 0.17% during January 2017 compared with the previous month.

Decrease in the Sewage Networks Cost Index (SNCI)

The overall Sewage Networks Cost Index (SNCI) reached 108.19 with a decrease of 0.20% in the West Bank* during January 2017 compared with December 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.