The spike in the prices of raw materials have shifted the construction indexes upward, according to the Palestinian Central Bureau of Statistics (PCBS).
PCBS said in a press statement that the rising prices of raw materials have shifted the Construction Cost Index (CCI), Road Cost Index (RCI), Water Networks Cost Index (WNCI) and Sewage Networks Cost Index (SNCI) in the West Bank during November 2021 upward, noting that the date exclude those parts of Jerusalem, which were annexed by Israeli Occupation in 1967.
CCI for residential buildings in the West Bank reached 116.02 with an increase of 1.14% during November 2021 compared with October 2021.
At the level of major groups, the prices of raw material increased by 1.92%, while the price of rental of equipment decreased by 0.14%. At the same time, labour costs and wages remained stable during November 2021 compared with the previous month.
CCI for non-residential buildings in the West Bank reached 115.40 with an increase of 1.09% during November 2021 compared with October 2021.
At the level of major groups, the prices of raw material increased by 1.78%, while the price of rental of equipment decreased by 0.14%. At the same time, labour costs and wages remained stable during November 2021 compared with the previous month.
CCI for skeleton buildings in the West Bank reached 117.42 with an increase of 2.16% during November 2021 compared with October 2021.
At the level of major groups, the prices of raw material increased by 3.36%, while the price of rental of equipment decreased by 0.14%. At the same time, labour costs and wages remained stable during November 2021 compared with the previous month.
Meanwhile, the overall Road Cost Index (RCI) in the West Bank reached 110.93 with an increase of 1.22% during November 2021 compared with October 2021.
At the level of major groups, the price of raw material increased by 1.79%, operating cost of equipment increased by 0.89%, and rental of equipment increased by 0.65%. At the same time, labour costs and wages remained stable during November 2021 compared with the previous month.
In the meantime, the overall Water Networks Cost Index (WNCI) reached 125.77 with an increase of 1.32% in the West Bank during November 2021 compared with October 2021.
Water reservoirs cost reached 121.12 with an increase of 2.88%, and WNCI reached 127.89 with an increase of 0.66% during November 2021 compared with October 2021.
As for the overall Sewage Networks Cost Index (SNCI) in the West Bank, it reached 111.33 with an increase of 0.53% during November 2021 compared with October 2021.
PCBS pointed that data on the Gaza Strip was not available and that 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.
Source: Palestinian News & Info Agency