Wednesday - 28 October 2009
Consumer price index in October 2009
The CPI based on prices in October 2009 is 353.6 points (May 1988=100), 1.14% higher than in the previous month. The CPI less housing cost is 332.5 points, 1.09% higher than in September.
Cost of owner occupied housing increased by 1.4% (effect on the index 0.19%), thereof the effect of higher market prices was 0.23% and of lower real interest rates -0.04%. Prices of groceries rose by 1.0% (0.18%) and prices of clothing and footwear by 1.6% (0.10%). Airfares for international flights rose by 17.5% (0.14%).
The CPI in October 2009 is 9.7% higher than in October 2008 while the CPI less housing cost is 13.5% higher than one year ago. Over the last three months, the CPI has increased by 2.5%, equivalent to an annual inflation rate of 10.2% (11.1% for the CPI less housing cost).
|The Icelandic consumer price index 2008-2009|
|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.
The CPI compiled in the middle of October 2009, 353.6 points, is applicable for indexation purposes in December 2009. The old credit terms index for December 2009 is 6,982 points.
|Consumer price index by economic categories 2009|
|Subindices March 1997=100||Change in the last 12 months|
|Effect on the index|
|Consumer Price Index||195,9||198,1||9,7||9,7|
|Domestic goods less agricultural products and vegetables||181,0||185,8||15,6||1,1|
|Imported goods less, alcohol and tobacco||170,4||172,3||17,6||5,8|
|Core index 1 (CPI less agric. prod., vegetables,|
|fruits and petrol)||196,1||198,8||9,8||8,6|
|Core index 2 (core index 1 less public services)||199,4||202,3||10,3||8,4|
|Core index 3 (core index 2 less effects of interest rate)||198,0||201,0||11,2||8,9|
|Groceries (perishable items)||179,4||181,2||14,2||2,4|