The Construction Cost Index (CCI) for residential buildings in the West Bank decreased by 0.28% during August compared with July due to a decrease in the prices of raw materials by 0.50%, while the prices of rental of equipment increased by 0.40%. At the same time, the prices of labor costs and wages remained stable, according to the Palestinian Central Bureau of Statistics (PCBS).
The CCI for non-residential buildings in the West Bank also decreased by 0.31% during August compared with July due to the decrease in the prices of raw materials by 0.54%, while the prices of rental of equipment increased by 0.40%. At the same time, the prices of labor costs and wages remained stable.
CCI for skeleton buildings in the West Bank decreased as well by 0.80% during August compared with July due to the decrease in the prices of raw materials by 1.28%, while the prices of rental of equipment increased by 0.40%. At the same time, the prices of labor costs and wages remained stable.
The overall Road Cost Index (RCI) in the West Bank increased by 0.22% during August compared with July due to an increase in the prices of operating costs of equipment and maintenance by 2.09%, and the price of raw materials by 0.37%, while the prices of rental of equipment decreased by 0.27%. At the same time, the prices of labor costs and wages remained stable.
The overall Water Networks Cost Index (WNCI) in the West Bank decreased by 0.45%, the Water Reservoirs Cost Index decreased by 1.43%, the Water Networks Cost Index decreased by 0.04%, during August compared with July, and the overall Sewage Networks Cost Index (SNCI) increased by 0.32% during August compared with July.
