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 . . . . . .

Statistics