2021 CEPCI updates: April (prelim.) and March (final) – Chemical Engineering
By Scott Jenkins |
The preliminary value for the CE Plant Cost Index (CEPCI) for April 2021 (most recent available) continues the string of sizeable monthly increases. In April, large upticks were observed in the Equipment, Buildings and Construction Labor subindices, while the Engineering & Supervision subindex saw a slight rise. The current CEPCI value now sits at 13.8% higher than the corresponding value from April 2020. The Current Business Indicators changed the base years for two of the indices. The U.S. Federal Reserve (www.federalreserve.gov), the source of the data, changed the base year of the CPI Output Index to 2017 (previously, it had been 2012), and also changed the Industrial Production in Manufacturing base year to 2017 from 2012.