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