The building cost index compiled in the middle of January 2011 is 101.4 points (December 2009=100), 0.6% higher than in the previous month. Domestic material cost increased by 2.3% (effect on the index 0.9%) while imported material cost declined by 0.6% (-0.2%). Labour cost declined by 0.8% (-0.2%) and cost of machine work, transportation and energy increased by 1.8% (0,1%). The index applies to February 2011.
In the last twelve months the BCI has increased by 0.3%.
| The Icelandic building cost index 2010-2011 | |||||||
| 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, % | |||
| 2010 | |||||||
| February | 101,1 | 100,8 | -0,3 | -3,5 | . | . | . |
| March | 100,8 | 101,1 | 0,3 | 3,9 | 4,6 | . | . |
| April | 101,1 | 100,9 | -0,2 | -2,1 | -0,6 | . | . |
| May | 100,9 | 101,8 | 0,8 | 10,6 | 4,0 | . | . |
| June | 101,8 | 102,1 | 0,3 | 3,9 | 4,0 | 4,3 | . |
| July | 102,1 | 102,2 | 0,1 | 1,0 | 5,1 | 2,2 | . |
| August | 102,2 | 102,5 | 0,3 | 3,7 | 2,9 | 3,4 | . |
| September | 102,5 | 103,0 | 0,5 | 5,7 | 3,4 | 3,7 | . |
| October | 103,0 | 100,9 | -2,0 | -21,5 | -4,9 | 0,0 | . |
| November | 100,9 | 100,8 | -0,1 | -0,6 | -6,3 | -1,8 | . |
| December | 100,8 | 100,8 | -0,1 | -0,6 | -8,2 | -2,6 | 0,8 |
| 2011 | |||||||
| January | 100,8 | 101,4 | 0,6 | 7,9 | 2,1 | -1,5 | 0,3 |
| February | 101,4 | . | . | . | . | . | . |
| Percentage changes, not seasonally adjusted. | |||||||