Wednesday - 12 July 2006
Consumer price index in July 2006
The CPI compiled in July 2006 is 263.1 points (May 1988=100), 0.46% higher than in the previous month. The CPI less housing cost is 243.0 points, 0.41% higher than in June.
Prices of petrol and diesel oil rose by 3.5% (effect on the CPI 0.24%) and groceries by 1.3% (0.2%). Owner occupied housing cost rose by 1.5% (0.26%), thereof the effect of higher market prices of housing was 0.18% and of higher real interest rates 0.08%.
Summer sales have widely started and prices of clothing and footwear fell by 9.6% (-0.46%).
The CPI in July 2006 is 8.4% higher than in July 2005 while the CPI less housing cost is 6.6% higher than one year ago. The CPI rose by 3.1% over the last three months equivalent to an annual inflation rate of 13.0% (CPI less housing cost 12.2%).
The credit terms index in August 2006 is 263.1 points. The old credit terms index is 5,195 points in August 2006.
|The Icelandic Consumer Price Index 2005-2006|
|May 1988 = 100||Annualized rates|
|Monthly index||Monthly changes||Latest month||Latest 3 months||Latest 6 months||Latest 12 months|
|Percentage changes, not seasonally adjusted.|
|Consumer price index by economic categories 2006|
|Subindices March 1997=100||Change in the last 12 months|
|June 2006||July 2006||Effect on the index|
|Consumer Price Index||146.8||147.4||8.4%||8.4%|
|Domestic goods less agricultural products and vegetables||135.7||138.4||7.9%||0.7%|
|Imported goods less, alcohol and tobacco||116.7||116.2||6.8%||2.2%|
|Core index 1 (CPI less agric. prod., vegetables,|
|fruits and petrol)||147.4||147.7||7.6%||6.6%|
|Core index 2 (core index 1 less public services)||148.1||148.4||8.2%||6.5%|
|Groceries (perishable items)||127.1||128.8||12.2%||1.8%|