The building cost index compiled in the middle of May 2017 is 131.6 points (December 2009=100), 1.2% higher than in the previous month.

Prices of imported materials decreased by 1.3% from last month (effect on the index -0.2%) while prices of labour cost increased by 4.2% (1.4%) following an amendment to wage contracts for craftspeople and labour workers in construction. In the last twelve months the BCI has decreased by 0.1%. The index applies to June 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              
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 130.2 130.3 0.1 1.2 -1.4 -1.9 1.9
February 130.3 130.3 0.0 -0.4 0.1 -1.9 1.8
March 130.3 130.0 -0.2 -2.5 -0.6 -1.8 1.3
April 130.0 130.1 0.1 0.9 -0.7 -1.0 -0.6
May 130.1 131.6 1.2 15.0 4.2 2.1 -0.1
June 131.6 . . . . . .

Statistics