The Building Cost Index compiled in the middle of June 2011 is 109.9 points (December 2009=100), 2.3% higher than in the previous month. The change is dominated by a 6.7% rise in wages due to an agreement between the Confederation of Icelandic Employers and the Icelandic Confederation of Labour (on behalf of its member unions) signed 5 May 2011 (effect on the index 1.8%). The index applies to July 2011.
In the last twelve months the BCI has increased by 7.6%.
| The Icelandic building cost index 2010-2011 | |||||||
| 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, % | |||
| 2010 | |||||||
| July | 102.1 | 102.2 | 0.1 | 1.0 | 5.1 | 2.2 | . |
| August | 102.2 | 102.5 | 0.3 | 3.7 | 2.9 | 3.4 | . |
| September | 102.5 | 103.0 | 0.5 | 5.7 | 3.4 | 3.7 | . |
| October | 103.0 | 100.9 | -2.0 | -21.5 | -4.9 | 0.0 | . |
| November | 100.9 | 100.8 | -0.1 | -0.6 | -6.3 | -1.8 | . |
| December | 100.8 | 100.8 | -0.1 | -0.6 | -8.2 | -2.6 | 0.8 |
| 2011 | |||||||
| January | 100.8 | 101.4 | 0.6 | 7.9 | 2.1 | -1.5 | 0.3 |
| February | 101.4 | 101.6 | 0.1 | 1.6 | 2.9 | -1.8 | 0.8 |
| March | 101.6 | 102.5 | 0.9 | 11.7 | 7.0 | -0.9 | 1.4 |
| April | 102.5 | 106.7 | 4.1 | 61.6 | 22.4 | 11.8 | 5.7 |
| 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 | . | . | . | . | . | . |
Statistics