NEWS RELEASE INDUSTRY 19 JULY 2006

The Building Cost Index compiled in the middle of July 2006 stood at 349.7 points (June 1987=100) and is 4.14% higher than in the previous month. The index applies to August.

As of 1 July 2006 the revison of labour contracts led to an 8.1% wage incresase in the BCI  (effect on the index 3.2%).

In the last twelve months the BCI has risen by 11.8%.


The Icelandic Building Cost Index 2005 - 2006
Month of application July 1987=100
Reference month June 1987=100 Annualized rates
Monthly changes Latest month, % Latest 3 months, % Latest 6 months, % Latest 12 months, %
 
2005
August 312.9 315.1 0.7 8.8 2.3 1.3 4.3
September 315.1 316.3 0.4 4.7 3.8 2.3 4.6
October 316.3 316.6 0.1 1.1 4.8 2.4 4.2
November 316.6 316.6 0.0 0.0 1.9 2.1 3.9
December 316.6 316.7 0.0 0.4 0.5 2.1 3.9
Average . 314.4 . . . . 5.3
2006
January 316.7 325.2 2.7 37.4 11.3 8.0 3.8
February 325.2 325.3 0.0 0.4 11.5 6.6 3.9
March 325.3 325.9 0.2 2.2 12.1 6.2 4.2
April 325.9 329.4 1.1 13.7 5.3 8.2 5.3
May 329.4 334.9 1.7 22.0 12.3 11.9 6.9
June 334.9 335.8 0.3 3.3 12.7 12.4 7.1
July 335.8 349.7 4.1 62.7 27.0 15.6 11.8
August 349.7 . . . . . .
Percentage changes, not seasonally adjusted.


Statistics

Further Information

For further information please contact 528 1100 , email upplysingar@hagstofa.is

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