The building cost index compiled in the middle of February 2011 is 101.6 points (December 2009=100), 0.1% higher than in the previous month. Prices of domestic materials increased by 0.1% and prices of imported materials increased by 0.7% (effect on the index 0.2%). Labour cost declined by 0.5% (-0.1%) and cost of machine work, transportation and energy increased by 0.3%. The index applies to March 2011.
In the last twelve months the BCI has increased by 0.8%.
| 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 | |||||||
| 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 | 101.6 | 0.1 | 1.6 | 2.9 | -1.8 | 0.8 |
| March | 101.6 | . | . | . | . | . | . |
| Percentage changes, not seasonally adjusted. | |||||||
Statistics