+8.0
%
CCI
+13.9
%
BCI
+1.0%
BCI
+0.6%
CCI
20.0 15.0
10.0 25.0
30.0 35.0
per/thousand
INDEX VALUE
ANNUAL CONSTRUCTION COST INDEX
15.0 10.0
5.0 20.0
25.0 30.0
per/thousand
INDEX VALUE
2.8 1.4
0.0 4.2
5.6 7.0
% CHANGE1.2
1.1 0
1.3 1.4
1.5 % CHANGE
ANNUAL BUILDING COST INDEX
MONTHLY BUILDING COST % CHANGEMONTHLY CONSTRUCTION COST % CHANGE JAN.’21 MAR. MAY SEPT. NOV. JAN.’22JULY
JAN.’21 MAR. MAY SEPT. NOV. JAN.’22JULY
JAN.’21 MAR. MAY SEPT. NOV. JAN.’22JULY
JAN.’21 MAR. MAY SEPT. NOV. JAN.’22JULY
Inflation’s Pulse Year-to-year and monthly percent changes for ENR’s cost indexes Cost Index Review
SOURCE: ENR
INFLATION
ANNUAL ESCALATION FOR
COMMON LABOR REACHED
1.4% IN JANUARY,
WHILE SKILLED LABOR
EXPERIENCED A 2.6%
ESCALATION IN
THE SAME PERIOD.
+
1.3 %
Common
Labor Index
CONSTRUCTION BUILDING SKILLED WAGES COMMON WAGES
2020 Dec. 11625.95 1082.33 6445.14 954.00 10743.67 1053.78 24037.06 1160.17 2021 Jan. 11627.94 1082.51 6459.83 956.17 10775.90 1057.04 24037.06 1160.17 Feb. 11698.80 1089.11 6493.19 961.11 10797.45 1058.78 24157.25 1165.88 Mar. 11749.75 1093.85 6545.22 968.81 10800.69 1059.05 24157.25 1165.88 Apr. 11849.31 1103.12 6612.50 978.77 10805.01 1059.49 24253.88 1170.25 May 11989.91 1116.21 6754.51 999.79 10805.01 1059.49 24253.88 1170.25 June 12112.05 1127.58 6876.96 1017.91 10815.82 1060.41 24256.31 1170.40 July 12237.69 1139.28 7006.95 1037.15 10826.64 1061.48 24256.31 1170.40 Aug. 12463.13 1160.26 7201.88 1066.01 10848.29 1063.55 24353.34 1175.33 Sept. 12464.55 1160.40 7214.29 1067.84 10880.83 1066.67 24355.78 1175.39 Oct. 12464.94 1160.43 7244.90 1072.38 10978.76 1075.78 24355.78 1175.39 Nov. 12467.32 1160.65 7255.67 1073.97 11000.72 1078.06 24355.78 1175.39 Dec. 12481.82 1162.00 7289.50 1078.98 11055.72 1083.53 24355.78 1175.39 2022 Jan. 12555.55 1168.87 7359.09 1089.28 11055.72 1083.53 24365.52 1175.83 1913 1967 1913 1967 1913 1967 1913 1967BASE YEAR
ENR’s 20-city average cost indexes, wages and material prices. Historical data for ENR’s 20 cities can be found at ENR.com/economics Construction
Cost Index
ANNUAL
INFLATION RATE
1913=100 INDEX VALUE MONTH YEAR
CONSTRUCTION COST 12555.55 +0.6% +8.0%
COMMON LABOR 24365.52 0.0% +1.4%
WAGE $/HR. 46.82 0.0% +1.4%
The Construction Cost Index’s annual escalation rose
8%, while the monthly component rose 0.6%.
+8.0%
JAN. 2022
Building
Cost Index
ANNUAL
INFLATION RATE
1913=100 INDEX VALUE MONTH YEAR
BUILDING COST 7359.09 +1.0% +13.9%
SKILLED LABOR 11055.72 0.0% +2.6%
WAGE $/HR. 60.99 0.0% +2.6%
The Building Cost Index was up 13.9% on an annual
basis, while the monthly component increased 1%.
+13.9%
JAN. 2022
Materials
Cost Index
MONTHLY
INFLATION RATE
1913=100 INDEX VALUE MONTH YEAR
MATERIALS COST 5073.87 +2.2% +33.7%
CEMENT $/TON 151.44 –0.5% +3.1%
STEEL $/CWT 79.47 +3.8% +41.2%
LUMBER $/MBF 949.70 –0.3% +26.9%
The MCI rose 2.2% since last month, while the
annual escalation rate increased 33.7%.
+2.2%
JAN. 2022
CONSTRUCTION ECONOMICS
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