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PCBS | PCBS: The Price Indices for Construction Cost, Road Cost, Water Networks Cost, Sewage Networks Cost in the West Bank, during February, 02/2022


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 February, 02/2022

Decrease in the Construction Cost Index (CCI) for Residential Buildings
The Construction Cost Index (CCI) for residential buildings in the West Bank* reached 115.43 with a decrease of 0.24% during February 2022 compared with January 2022        (base year 2013=100).

At the level of major groups, the prices of raw material decreased by 0.39%, and the price of rental of equipment decreased by 0.32%. At the same time, labour costs and wages remained stable during February 2022 compared with the previous month.

Decrease in the Construction Cost Index (CCI) for Non-residential Buildings
The Construction Cost Index (CCI) for non-residential buildings in the West Bank* reached 114.77 with a decrease of 0.22% during February 2022 compared with January 2022       (Base year 2013=100).

At the level of major groups, the prices of raw material decreased by 0.35%, and the price of rental of equipment decreased by 0.31%. At the same time, labour costs and wages remained stable during February 2022 compared with the previous month

Decrease in the Construction Cost Index (CCI) for Skeleton Buildings
The Construction Cost Index (CCI) for skeleton buildings in the West Bank* reached 116.30 with a decrease of 0.39% during February 2022 compared with January 2022 (Base year 2013=100).

At the level of major groups, the prices of raw material decreased by 0.58%, and the price of rental of equipment decreased by 0.32%. At the same time, labour costs and wages remained stable during February 2022 compared with the previous month.
Slight decrease in the Road Cost Index (RCI)
The overall Road Cost Index (RCI) in the West Bank* reached 110.68 with a slight decrease of 0.06% during February 2022 compared with January 2022 (Base month December 2008=100).

At the level of major groups, the price of raw material decreased by 0.21%, while the price of operating costs of equipment and maintenance increased by 1.73%, and the price of rental of equipment increased by 0.17%. At the same time, labour costs and wages remained stable during February 2022 compared with the previous month.

Decrease in the Water Networks Cost Index (WNCI)
The overall Water Networks Cost Index (WNCI) reached 125.93 with a decrease of 0.21% in the West Bank* during February 2022 compared with January 2022 (Base month January 2010=100).

Water reservoirs Cost reached 118.73 with a decrease of 0.51%, and water networks Cost Index reached 129.20 with a slight decrease of 0.08% during February 2022 compared with January 2021.
 

Increase in the Sewage Networks Cost Index (SNCI)
The overall Sewage Networks Cost Index (SNCI) in the West Bank* reached 111.87 with an increase of 0.19% during February 2022 compared with January 2022 (Base month January 2010=100).


Notice:
1.    Due to COVID-19 pandemic and inability to conduct face-to-face interview, data for CCI, RCI, WNCI and SNCI has been collected using mobile phones.
2.    Gaza Strip data is not available.
3.    The difference in the percentage change in major groups of roads, construction, water networks, and sewage networks cost index is due to the nature compositions of these major groups.

Note:
*Data exclude those parts of Jerusalem, which were annexed by Israeli Occupation in 1967.

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