NEWS RELEASE INDUSTRY 18 MAY 2018

The building cost index compiled in the middle of May 2018 is 139.1 points (December 2009=100), 1.2% higher than in the previous month.

Prices of labour cost increased by 2.8% (effect on the index 1.0%) following an amendment to wage contracts for craftspeople and labour workers in construction.  Prices of domestic material increased by 0.6% (effect on the index 0.2%). In the last twelve months the BCI has increased by 5.7%. The index applies to June 2018.

The Icelandic building cost index 2017–2018
  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, %
 
2017              
June 131.6 131.6 0.0 -0.4 4.9 2.1 -0.3
July 131.6 132.6 0.8 9.6 7.9 3.5 0.7
August 132.6 133.0 0.3 4.1 4.4 4.3 1.1
September 133.0 135.1 1.5 20.1 11.1 8.0 3.0
October 135.1 135.8 0.5 6.2 9.9 8.9 3.8
November 135.8 136.1 0.3 3.2 9.6 7.0 4.5
December 136.1 136.5 0.2 3.0 4.1 7.6 4.8
2018              
January 136.5 137.0 0.4 4.5 3.6 6.7 5.1
February 137.0 136.9 0.0 -0.5 2.3 5.9 5.1
March 136.9 137.0 0.1 1.0 1.7 2.9 5.4
April 137.0 137.4 0.3 3.2 1.2 2.4 5.6
May 137.4 139.1 1.2 15.9 6.5 4.4 5.7
June 139.1 . . . . . .

Statistics

Further Information

For further information please contact 528 1200 , email byggingarvisitala@hagstofa.is

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