The building cost index compiled in the middle of March 2013 is 118.7 points (December 2009=100), which is unchanged from the previous month. Prices of imported materials decreased by 0.6% (effect on the index -0.2%) while prices of domestic materials increased by 0.2% (0.1%) and labour cost also rose by 0.2% (0.1%). The index applies to April 2013.
In the last twelve months the BCI has increased by 4.6%.
The Icelandic building cost index 2012-2013 | |||||||
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, % | |||
2012 | |||||||
April | 113.4 | 115.0 | 1.4 | 18.4 | 14.5 | 6.6 | 7.8 |
May | 115.0 | 114.9 | -0.1 | -0.8 | 7.1 | 6.1 | 7.0 |
June | 114.9 | 115.4 | 0.4 | 4.5 | 7.1 | 5.6 | 5.0 |
July | 115.4 | 115.1 | -0.2 | -2.9 | 0.2 | 7.1 | 3.9 |
August | 115.1 | 114.8 | -0.3 | -3.0 | -0.5 | 3.2 | 3.9 |
September | 114.8 | 115.2 | 0.3 | 3.9 | -0.7 | 3.1 | 3.5 |
October | 115.2 | 114.9 | -0.2 | -2.5 | -0.6 | -0.2 | 3.2 |
November | 114.9 | 115.5 | 0.5 | 6.5 | 2.6 | 1.0 | 3.5 |
December | 115.5 | 115.8 | 0.2 | 2.7 | 2.2 | 0.7 | 3.1 |
2013 | |||||||
January | 115.8 | 116.0 | 0.2 | 2.5 | 3.9 | 1.6 | 4.4 |
February | 116.0 | 118.7 | 2.3 | 31.6 | 11.5 | 6.9 | 5.1 |
March | 118.7 | 118.7 | 0.0 | -0.4 | 10.3 | 6.2 | 4.6 |
April | 118.7 | . | . | . | . | . | . |