The building cost index compiled in the middle of April 2012 is 115.0 points (December 2009=100), 1.4% higher than in the previous month.
The rise is mostly due to increased distance to the disposition site for excavated soil for the capital area (effect on the index 1.2%). The site was relocated from Hólmsheiði to Bolaöldur in March 2012. The index applies to May 2012.
In the last twelve months the BCI has increased by 7.8%. The twelve month change is now unaffected by the system error which was corrected in May 2011.
| The Icelandic building cost index 2011-2012 | |||||||
| 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, % | |||
| 2011 | |||||||
| May | 106.7 | 107.4 | 0.7 | 8.5 | 25.1 | 13.4 | 5.5 |
| June | 107.4 | 109.9 | 2.3 | 31.5 | 32.1 | 18.9 | 7.6 |
| July | 109.9 | 110.8 | 0.8 | 10.1 | 16.2 | 19.3 | 8.4 |
| August | 110.8 | 110.5 | -0.2 | -2.7 | 12.1 | 18.4 | 7.8 |
| September | 110.5 | 111.3 | 0.7 | 8.8 | 5.2 | 17.9 | 8.1 |
| October | 111.3 | 111.4 | 0.1 | 1.1 | 2.3 | 9.0 | 10.4 |
| November | 111.4 | 111.6 | 0.2 | 2.2 | 4.0 | 8.0 | 10.7 |
| December | 111.6 | 112.3 | 0.6 | 7.4 | 3.5 | 4.4 | 11.4 |
| 2012 | |||||||
| January | 112.3 | 111.2 | -1.0 | -10.9 | -0.7 | 0.8 | 9.6 |
| February | 111.2 | 113.0 | 1.6 | 21.2 | 5.0 | 4.5 | 11.2 |
| 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 | . | . | . | . | . | . |
Statistics