NEWS RELEASE INDUSTRY 20 FEBRUARY 2008

The Building Cost Index compiled in the middle of February 2008 is 386.0 points (June 1987=100) and is 1.3% higher than in the previous month, mainly owing to 2.8% price increase of material in the construction industry. The index applies to March 2008.

In the last twelve months the BCI has increased by 4.8%.

The Icelandic Building Cost Index 2007-2008
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, %
 
2007
March 368.2 369.0 0.2 2.6 15.0 9.7 13.2
April 369.0 370.3 0.4 4.3 6.5 9.2 12.4
May 370.3 370.2 0.0 -0.3 2.2 8.6 10.5
June 370.2 370.9 0.2 2.3 2.1 8.4 10.5
July 370.9 372.0 0.3 3.6 1.8 4.2 6.4
August 372.0 375.2 0.9 10.8 5.5 3.8 6.8
September 375.2 376.9 0.5 5.6 6.6 4.3 7.0
October 376.9 376.7 -0.1 -0.6 5.2 3.5 6.3
November 376.7 377.7 0.3 3.2 2.7 4.1 6.3
December 377.7 377.9 0.1 0.6 1.1 3.8 6.1
Average . 372.5 . . . . 9.1
2008
January 377.9 381.0 0.8 10.3 4.6 4.9 4.5
February 381.0 386.0 1.3 16.9 9.1 5.8 4.8
March 386.0 . . . . . .
Percentage changes, not seasonally adjusted.

Statistics

Further Information

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

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