History of selected cost indices pertinent to chemical processing. All ...

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1970. 1980. 1990. 2000. 2010. 2020. Year. 100. 1000. 200. 300. 400. 500. 600. 700. 800. 900. 2000. 3000. 4000. 5000. C ost In d e x. ,. I. 1970. 1980. 1990.
1970 5000

1980

1990

2000

2010

2020

Slopes correspond to inflation rates as indicated

4000



3000

20% 10%

20%

Nelson-Farrar Index

5%

2000

2% 0%

Cost Index, I

Marshall & Swift

1000 900 800 700

Chemical engineering plant cost index

600 500 400 (CE Index = 400 is the basis for cost data in this text)

300

200 US Bureau of Labor StatisticsHourly Earning Index. (Chemical & Allied Products)

100 1970

1980

1990

2000

2010

2020

Year

History of selected cost indices pertinent to chemical processing. All cost data in the text by Ulrich and Vasudevan1 are based on the Chemical Engineering Plant Cost Index Value of 400.

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Chemical Engineering Process Design and Economics – A Practical Guide© by Ulrich and Vasudevan