The building cost index compiled in the middle of December 2015 is 128.2 points (December 2009=100), 0.1% higher than in the previous month. The index applies to January 2016.

Prices of imported materials decreased by 0.5% (effect on the index -0.1%) from last month while labour cost increased by 0.6% (0.2%).

Over the last twelve months the BCI has increased by 6.1%. The average BCI in 2015 was 125.3, 4.0% higher than the BCI average for 2014.

The Icelandic building cost index 2014-2016
  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, %
 
2014              
December 120.8 120.9 0.1 0.6 1.4 0.3 1.6
2015              
January 120.9 123.3 2.1 27.6 9.5 4.4 3.7
February 123.3 123.2 -0.1 -1.7 8.1 3.9 3.6
March 123.2 123.0 -0.1 -1.3 7.4 4.3 2.6
April 123.0 123.2 0.1 1.1 -0.6 4.3 2.7
May 123.2 123.2 0.0 0.3 0.0 4.0 2.2
June 123.2 123.8 0.5 6.2 2.5 4.9 2.6
July 123.8 127.9 3.3 47.8 16.3 7.5 6.0
August 127.9 128.0 0.1 0.9 16.6 8.0 5.9
September 128.0 127.8 -0.1 -1.5 13.7 7.9 6.1
October 127.8 127.9 0.1 1.0 0.1 7.9 6.1
November 127.9 128.1 0.2 1.9 0.9 7.1 6.0
December 128.1 128.2 0.1 0.8 1.2 7.2 6.1
2016              
January 128.2 . . . . . .

Statistics