The building cost index compiled in the middle of December 2016 is 130.2 points (December 2009=100), unchanged from previous month.

Imported material decreased by 2.3% (effect on the index -0.5%). Domestic material prices rose by 0.7% (0.3%) between months and labour cost increased by 0.5% (0.2%).

In the last twelve months the BCI has increased by 1.5%. The index applies to January 2017.

The Icelandic building cost index 2016-2017
  Month of application January 2010=100 Reference month December 2009=100          
    Annualized rates
  Monthly changes Latest month, % Latest 3 months, % Latest 6 months, % Latest 12 months, %
 
2016              
January 128.2 127.9 -0.2 -2.7 -0.1 0.0 3.7
February 127.9 128.0 0.1 0.7 -0.4 0.0 3.9
March 128.0 128.4 0.3 3.5 0.5 0.8 4.3
April 128.4 130.8 1.9 25.8 9.4 4.6 6.2
May 130.8 131.8 0.7 9.0 12.4 5.8 7.0
June 131.8 131.9 0.1 1.4 11.6 5.9 6.6
July 131.9 131.6 -0.2 -2.9 2.4 5.8 2.9
August 131.6 131.6 0.0 -0.4 -0.7 5.6 2.8
September 131.6 131.2 -0.3 -3.4 -2.3 4.4 2.6
October 131.2 130.8 -0.3 -3.6 -2.5 -0.1 2.2
November 130.8 130.2 -0.4 -4.8 -4.0 -2.3 1.6
December 130.2 130.2 0.0 -0.4 -3.0 -2.6 1.5
2017              
January 130.2 . . . . . .

Statistics