The Construction Cost Index for residential buildings remained stable during July, according to the Palestinian Central Bureau of Statistics (PCBS).
PCBS said in a press statement that the Construction Cost Index (CCI) for residential buildings remained stable at the level of 119.39 in the West Bank during July 2022 (Base year 2013=100).
At the level of major groups, the price of rental of equipment increased by 0.45%. While, the price of raw material slightly decreased by 0.04%. At the same time, labour costs and wages remained stable during July 2022 compared with the previous month.
Meanwhile, CCI for non-residential buildings in the West Bank reached 118.56 with a slight increase of 0.05% during July 2022 compared with June 2022 (base year 2013=100).
At the level of major groups, the price of rental of equipment increased by 0.41%, and the price of raw material slightly increased by 0.06%.While, labour costs and wages remained stable during July 2022 compared with the previous month.
Additionally, CCI for skeleton buildings in the West Bank reached 120.03 with a decrease of 0.68% during July 2022 compared with June 2022 (Base year 2013=100).
At the level of major groups, the price of raw materials decreased by 1.07%.While, the price of rental of equipment increased by 0.45%. At the same time, labour costs and wages remained stable during July 2022 compared with the previous month.
Highlighting the Road Cost Index (RCI), PCBS said that the overall RCI in the West Bank reached 115.59 with an increase of 0.75% during July 2022 compared with June 2022 (Base month December 2008=100).
At the level of major groups, the price of operating costs of equipment and maintenance increased by 3.08%, the price of rental of equipment increased by 1.08%, and the price of raw material increased by 0.81%. At the same time, labour costs and wages remained stable during July 2022 compared with the previous month.
Regarding the Water Networks Cost Index (WNCI), PCBS said that the overall WNCI reached 129.21 with a decrease of 0.32% in the West Bank during July 2022 compared with June 2022 (Base month January 2010=100).
Water Reservoirs Cost Index reached 122.86 with a decrease of 1.05% and WNCI reached 132.09 with a slight decrease of 0.01% during July 2022 compared with June 2022.
Meanwhile, the overall Sewage Networks Cost Index (SNCI) in the West Bank reached 114.22 with an increase of 0.28% during July 2022 compared with June 2022 (Base month January 2010=100).
Source: Palestine News & Information Agency