The building cost index compiled in the middle of December 2011 is 112.3 points (December 2009=100), 0.6% higher than in the previous month. Prices of domestic materials increased by 0.8% (effect on the index 0.3%) while prices of imported materials rose by 0.2% (0.1%). Labour cost rose by 0.7% (0.2%), mostly due to December supplements in labour contracts, and cost of machine work, transportation and energy increased by 0.8%. The index applies to January 2012.
In the last twelve months the BCI has increased by 11.4%.
| 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, % | |||
| 2011 | |||||||
| January | 100.8 | 101.4 | 0.6 | 7.9 | 2.1 | -1.5 | 0.3 |
| February | 101.4 | 101.6 | 0.1 | 1.6 | 2.9 | -1.8 | 0.8 |
| March | 101.6 | 102.5 | 0.9 | 11.7 | 7.0 | -0.9 | 1.4 |
| April | 102.5 | 106.7 | 4.1 | 61.6 | 22.4 | 11.8 | 5.7 |
| May | 106.7 | 107.4 | 0.7 | 8.5 | 25.1 | 13.4 | 5.5 |
| June | 107.4 | 109.9 | 2.3 | 31.5 | 32.1 | 18.9 | 7.6 |
| July | 109.9 | 110.8 | 0.8 | 10.1 | 16.2 | 19.3 | 8.4 |
| August | 110.8 | 110.5 | -0.2 | -2.7 | 12.1 | 18.4 | 7.8 |
| September | 110.5 | 111.3 | 0.7 | 8.8 | 5.2 | 17.9 | 8.1 |
| October | 111.3 | 111.4 | 0.1 | 1.1 | 2.3 | 9.0 | 10.4 |
| November | 111.4 | 111.6 | 0.2 | 2.2 | 4.0 | 8.0 | 10.7 |
| December | 111.6 | 112.3 | 0.6 | 7.4 | 3.5 | 4.4 | 11.4 |
| 2012 | |||||||
| January | 112.3 | . | . | . | . | . | . |
Statistics