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What is National Highways Construction Cost Index about?

The document introduces the National Highways Construction Cost Index (NHCCI), which is intended to more accurately track cost changes in highway construction than the existing Wholesale Price Index (WPI). The NHCCI uses a representative basket of materials, fuel, equipment, and labor costs weighted based on average expenditure data. It is calculated quarterly using a Laspeyre formula and 2013-14 as the base period. The NHCCI aims to better reflect actual cost changes in highway construction compared to the

Author

Rayudu VVS

Language

EN