The Building Cost Index compiled in the middle of March 2014 is 120.0 points (December 2009=100), 0.9% higher than in the previous month. Labour cost rose by 3.3% (effect on the index 0.9%) due to negotiated raise in union wage contracts. Prices of domestic materials increased by 0.2% (0.1%) while prices of imported materials declined by 0.2% (-0.1%). Cost of machine work, transportation and energy increased by 0.1%. The index applies to April 2014.

In the last twelve months the BCI has increased by 1.1%.

The Icelandic building cost index 2013-2014
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, %
 
2013
April 118.7 118.5 -0.1 -1.6 8.9 6.3 3.0
May 118.5 118.2 -0.3 -3.0 -1.7 4.7 2.8
June 118.2 118.7 0.4 5.3 0.2 5.1 2.9
July 118.7 118.7 -0.1 -0.7 0.5 4.6 3.1
August 118.7 118.6 -0.1 -1.1 1.1 -0.3 3.3
September 118.6 118.7 0.1 1.4 -0.1 0.0 3.1
October 118.7 119.0 0.2 2.8 1.0 0.7 3.5
November 119.0 119.3 0.3 3.4 2.5 1.8 3.3
December 119.3 119.0 -0.3 -3.0 1.0 0.4 2.8
2014
January 119.0 118.9 -0.1 -0.8 -0.2 0.4 2.5
February 118.9 118.9 0.0 -0.6 -1.5 0.5 0.1
March 118.9 120.0 0.9 11.9 3.3 2.2 1.1
April 120.0 . . . . . .

Statistics