/gid00005/gid00006/gid00004/gid00163/gid00174/gid00133/gid00133/gid00007/gid00006/gid00003/gid00163 /gid00014/gid00002/gid00019/gid00163/gid00011/gid00002/gid00015/gid00163/gid00002/gid00017/gid00019/gid00163 /gid00014/gid00002/gid00026/gid00002/gid00022/gid00008/gid00163/gid00016/gid00004/gid00021/gid00163 /gid00015/gid00016/gid00023/gid00163 /gid00005/gid00006/gid00004/gid00163/gid00011/gid00022/gid00015/gid00006 /gid00011/gid00022/gid00013/gid00026/gid00020/gid00006/gid00017/gid00021/gid00163/gid00011/gid00002/gid00015/gid00163/gid00174/gid00133/gid00135 /gid00005/gid00006/gid00004/gid00163/gid00174/gid00133/gid00133/gid00007/gid00006/gid00003/gid00163 /gid00014/gid00002/gid00019/gid00163/gid00011/gid00002/gid00015/gid00163/gid00002/gid00017/gid00019/gid00163 /gid00014/gid00002/gid00026/gid00002/gid00022/gid00008/gid00163/gid00016/gid00004/gid00021/gid00163 /gid00015/gid00016/gid00023/gid00163 /gid00005/gid00006/gid00004/gid00163/gid00011/gid00022/gid00015/gid00006 /gid00011/gid00022/gid00013/gid00026/gid00020/gid00006/gid00017/gid00021/gid00163/gid00011/gid00002/gid00015/gid00163/gid00174/gid00133/gid00135 +2.6%
CCI
+3.8%
BCI
0.0%
CCI
+0.1%
BCI
CONSTRUCTION COST INDEX BUILDING COST INDEX
CONSTRUCTION COST INDEX BUILDING COST INDEX
MONTHLY
ANNUAL
Inflation’s Pulse Year-to-year and monthly percent changes for ENR’s cost indexes Cost Index Review
S O U R C E : ENR
INFLATION
A N N U A L E S C A L A T IO N
F O R C O M M O N L A B O R
R E A C H E D 1.8 % IN JA N U A R Y
W H IL E S K IL L E D L A B O R
E X P E R IE N C E D A 3 .3 %
E S C A L A T IO N O V E R
T H E S A M E T IM E P E R IO D .
+
1.8 %
Common Labor
Index
C O N S T R U C T IO N B U IL D IN G S K IL L E D W A G E SC O M M O N W A G E S 1913 1967 1913 1967 1913 1967 1913 1967BASEY EAR
2022 D ec. 13175.00 1226.54 7971.26 1179.89 11320.21 1110.36 24634.46 1188.53 2023 Jan. 13175.03 1226.54 7976.68 1180.69 11331.53 1111.95 24634.46 1188.53 F eb. 13175.93 1226.62 7989.84 1182.64 11365.52 1114.75 24634.46 1188.53 M ar. 13176.30 1226.66 8000.61 1184.24 11399.62 1117.73 24634.46 1188.53 Apr. 13229.57 1231.62 8000.86 1184.27 11445.22 1122.58 24806.90 1196.96 M ay 13288.27 1237.08 8054.43 1192.20 11662.68 1143.61 25030.16 1207.25 June 13345.00 1242.36 8095.33 1198.25 11674.34 1144.23 25080.22 1209.74 July 13424.98 1249.81 8179.87 1210.77 11686.01 1145.40 25080.22 1209.74 A ug. 13472.56 1254.24 8227.44 1217.81 11686.01 1145.40 25080.22 1209.74 S ept. 13485.67 1255.46 8240.55 1219.75 11686.01 1145.40 25080.22 1209.74 O ct. 13497.97 1256.60 8255.58 1221.97 11697.70 1146.11 25080.22 1209.74 N ov. 13510.57 1257.79 8268.19 1223.84 11697.70 1146.11 25080.22 1209.74 D ec. 13514.76 1258.17 8272.36 1224.46 11697.70 1146.11 25080.22 1209.74 2024 Jan. 13515.02 1258.19 8277.69 1225.25 11709.40 1147.56 25080.22 1209.74 ENR’s 20-city average cost indexes, wages and materials prices.
Historical data for ENR’s 20 cities can be found at ENR.com/economics Cons t r uc t ion
Cos t Inde x
ANNUAL
INFLATION RATE
1913= 100 IN D E X V A L U EM O N T H Y E A R
C O N S T R U C T IO N C O S T13515.02 0.0% +2.6%
C O M M O N L A B O R 25080.22 0.0% +1.8%
W A G E $/ H R . 48.30 0.0% +1.8%
The Construction Cost Index’s annual escalation
rose 2.6%, while the monthly component held
steady.
Building
Cos t Inde x
ANNUAL
INFLATION RATE
1913= 100 IN D E X V A L U E M O N T H Y E A R
B U IL D IN G C O S T 8277.69 +0.1% +3.8%
S K IL L E D L A B O R11709.40 +0.1% +3.3%
W A G E $/ H R . 64.67 +0.1% +3.3%
The Building Cost Index was up 3.8% on an annual
basis, while the monthly component rose 0.1%.
+2.6%
JA N . 202 4
+3.8%
JA N . 202 4
Mat e r ials
Cos t Inde x
MONTHLY
INFLATION RATE
1913= 100 IN D E X V A L U E M O N T H Y E A R
M A T E R IA L S C O S T6150.97 0.0% +4.5%
C E M E N T $/ T O N 223.03 +5.3% +23.6%
S T E E L $/ C W T 100.50 +1.3% +9.0%
L U M B E R $/ M B F 1030.83 –3.9% –1.5%
The Materials Cost Index held steady this month,
while the annual escalation rate increased 4.5%.
0.0%
JA N . 202 4
CONSTRUCTION ECONOMICS
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