CoDex is the abbreviation for cost index.
It tracks cost movement across the entire spectrum of the manufacturing process that include costs of paper, adhesives, printing, stitching, energy, transport, labour, interest and establishment costs and overheads, In essence, CoDex covers the total cost of corrugated boxes.
CRISIL Research does a cost mapping with very reputed, thoroughly researched and appointed independent parties involved with the corrugated box industry to get a very impartial analysis of cost variations.
Taking January 2010 as base of 100, CRISIL, then plots the cost fluctuations on a quarterly basis and publishes the report on its letterhead and sends it to WICMA.
One can view the background of CoDex values, trends in CoDex values and framework provided and owned by WICMA for developing CoDex on https://www.crisilresearch.com/CuttingEdge/Codex.jspx?fromLink=codx