The Building Cost Index compiled in the middle of February 2013 is 118.7 points (December 2009=100), 2.3% higher than in the previous month. Prices of domestic materials increased by 2.2% (effect on the index 0.9%) while prices of imported materials rose by 0.8% (0.2%). Cost of machine work, transportation and energy increased by 6.0% (0.4%). Labour cost rose by 2.9% (0.8%) due to negotiated raise in union wage contracts. The index applies to March 2013.

In the last twelve months the BCI has increased by 5.1%.

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
March 113.0 113.4 0.4 4.7 4.2 3.8 10.6
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 . . . . . .

Statistics