The building cost index compiled in the middle of October 2015 is 127.9 points (December 2009=100), 0.1% higher than in the previous month.
The price increase is primarily due to a 0.3% increase in labor costs between months (effect on the index 0.1%) due to a recent agreement of wage contracts for metalworkers. In the last twelve months the BCI has increased by 6.1%. The index applies to November 2015.
| The Icelandic building cost index 2014-2015 | |||||||
| 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 | |||||||
| October | 120.5 | 120.6 | 0.1 | 1.2 | -0.4 | 1 | 1.4 |
| November | 120.6 | 120.8 | 0.2 | 2.3 | -0.1 | 0.4 | 1.3 |
| 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 | . | . | . | . | . | . |