The building cost index compiled in the middle of September 2016 is 131.2 points (December 2009=100), 0.3% lower than in the previous month.
The price decrease is primarily due to a 0.6% decrease in imported material between months (effect on the index -0.1%) and due to lower labour cost by 0.5% (-0.2%).
In the last twelve months the BCI has increased by 2.6%. The index applies to October 2016.
| The Icelandic building cost index 2015-2016 | |||||||
| 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, % | |||
| 2015 | |||||||
| 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 | 127.9 | -0.2 | -2.7 | -0.1 | 0.0 | 3.7 |
| February | 127.9 | 128.0 | 0.1 | 0.7 | -0.4 | 0.0 | 3.9 |
| March | 128.0 | 128.4 | 0.3 | 3.5 | 0.5 | 0.8 | 4.3 |
| April | 128.4 | 130.8 | 1.9 | 25.8 | 9.4 | 4.6 | 6.2 |
| May | 130.8 | 131.8 | 0.7 | 9.0 | 12.4 | 5.8 | 7.0 |
| June | 131.8 | 131.9 | 0.1 | 1.4 | 11.6 | 5.9 | 6.6 |
| July | 131.9 | 131.6 | -0.2 | -2.9 | 2.4 | 5.8 | 2.9 |
| August | 131.6 | 131.6 | 0.0 | -0.4 | -0.7 | 5.6 | 2.8 |
| September | 131.6 | 131.2 | -0.3 | -3.4 | -2.3 | 4.4 | 2.6 |
| October | 131.2 | . | . | . | . | . | . |