NEWS RELEASE INDUSTRY 21 NOVEMBER 2006
The building cost index rose by 12.2% in the period from December 2005 to December 2006. Labour cost increased by 13.4% (effect on index 5.6%) and material cost increased by 11.4% (6.6%).

A new issue of the Statistical Series about the Building cost index 2006 has been released and shows the development of the BCI in the previous twelve months.

The Icelandic Building Cost Index 2005 - 2006
Month of application July 1987=100
Reference month June 1987=100 Annualized rates
Monthly changes Latest month, % Latest 3 months, % Latest 6 months, % Latest 12 months, %
 
2005
December 316.6 316.7 0.0 0.4 0.5 2.1 3.9
Average . 314.4 . . . . 5.3
2006
January 316.7 325.2 2.7 37.4 11.3 8.0 3.8
February 325.2 325.3 0.0 0.4 11.5 6.6 3.9
March 325.3 325.9 0.2 2.2 12.1 6.2 4.2
April 325.9 329.4 1.1 13.7 5.3 8.2 5.3
May 329.4 334.9 1.7 22.0 12.3 11.9 6.9
June 334.9 335.8 0.3 3.3 12.7 12.4 7.1
July 335.8 349.7 4.1 62.7 27.0 15.6 11.8
August 349.7 351.4 0.5 6.0 21.2 16.7 11.5
September 351.4 352.3 0.3 3.1 21.2 16.9 11.4
October 352.3 354.4 0.6 7.4 5.5 15.8 11.9
November 354.4 355.2 0.2 2.7 4.4 12.5 12.2
December 355.2 . . . . . .
Percentage changes, not seasonally adjusted.

Building cost index 2006 - Statistical Series

Statistics

Further Information

For further information please contact 528 1100 , email upplysingar@hagstofa.is

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