The building cost index compiled in the middle of May 2017 is 131.6 points (December 2009=100), 1.2% higher than in the previous month.
Prices of imported materials decreased by 1.3% from last month (effect on the index -0.2%) while prices of labour cost increased by 4.2% (1.4%) following an amendment to wage contracts for craftspeople and labour workers in construction. In the last twelve months the BCI has decreased by 0.1%. The index applies to June 2017.
| The Icelandic building cost index 2016-2017 | |||||||
| 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, % | |||
| 2016 | |||||||
| June | 131.8 | 131.9 | 0.1 | 1.4 | 11.6 | 5.9 | 6.6 |
| July | 131.9 | 131.6 | -0.2 | -2.9 | 2.4 | 5.8 | 2.9 |
| August | 131.6 | 131.6 | 0.0 | -0.4 | -0.7 | 5.6 | 2.8 |
| September | 131.6 | 131.2 | -0.3 | -3.4 | -2.3 | 4.4 | 2.6 |
| October | 131.2 | 130.8 | -0.3 | -3.6 | -2.5 | -0.1 | 2.2 |
| November | 130.8 | 130.2 | -0.4 | -4.8 | -4.0 | -2.3 | 1.6 |
| December | 130.2 | 130.2 | 0.0 | -0.4 | -3.0 | -2.6 | 1.5 |
| 2017 | |||||||
| January | 130.2 | 130.3 | 0.1 | 1.2 | -1.4 | -1.9 | 1.9 |
| February | 130.3 | 130.3 | 0.0 | -0.4 | 0.1 | -1.9 | 1.8 |
| March | 130.3 | 130.0 | -0.2 | -2.5 | -0.6 | -1.8 | 1.3 |
| April | 130.0 | 130.1 | 0.1 | 0.9 | -0.7 | -1.0 | -0.6 |
| May | 130.1 | 131.6 | 1.2 | 15.0 | 4.2 | 2.1 | -0.1 |
| June | 131.6 | . | . | . | . | . | . |