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What are Cost Indexes?
Cost indexes can be used to adjust older prices to the current day. They do not list prices, but instead help you calculate what ratio to use to estimate current prices based on historical data.
Chapter 9 of Perry's Chemical Engineers Handbook explains how to use cost indexes.
Chemical Cost Index
Producer Price Index for Chemicals (US)
Price cost index for chemicals. This could be used for updating older bulk chemical prices. NB This is based on the US government Producer Price Index, so should only be used to adjust US prices.
Plant Cost Indices
Chemical Engineering Plant Cost Index
Chemical Engineering is the leading US trade magazine covering processing industry. It publishes monthly economic indicators including the Chemical Engineering Plant Cost Index (CEPCI), which shows trends in the cost of equipment; construction labour; buildings; and engineering & supervision.
To find the plant cost index, search this journal for "economic indicators" and then sort the results to show the most recent month first.
Engineering News Record Construction Cost Index (ENR CCI), Building Cost Index, and Materials Cost Index
Engineering News Record is a trade publication for the engineering and construction industries. Includes the Engineering News Record Construction Cost Index (ENR CCI), Building Cost Index, and Materials Cost Index.
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