The building cost index compiled in the middle of June 2015 is 123.8 points (December 2009=100), 0.5% higher than in the previous month.

The price increase is mainly due to a rise in prices of domestic materials which increased by 1.1% between months (effect on the index 0.4%). In the last twelve months the BCI has increased by 2.6%. The index applies to July 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              
July 120.7 120.7 0.0 0.3 2.5 3 1.7
August 120.7 120.8 0.1 1.4 0.9 3.4 1.9
September 120.8 120.5 -0.3 -3.7 -0.7 0.8 1.5
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 . . . . . .

Statistics