Wednesday - 28 March 2012
The CPI increases by 1% between months
The Consumer Price Index based on prices in March is 395.1 points (May 1988=100), 1.05% higher than in the previous month. The CPI less housing cost is 375.9 points, 1.29% higher than in February.
Winter sales have come to an end causing an increase in prices of clothing and footwear by 6.3% (effect on the index 0.35%). Prices of petrol and diesel oil rose by 5.1% (0.31%) and international airfares increased by 14.1% (0.15%).
The CPI is 6.4% higher in March 2012 than in March 2011 and the CPI less housing cost is 6.2% higher than one year ago. Over the last three months, the CPI has increased by 2.4%, equivalent to an annual inflation rate of 9.8% (11.6% inflation for the CPI less housing cost).
The CPI compiled in the middle of March 2012, 395.1 points, is applicable for indexation purposes in May 2012. The old credit terms index for May 2012 is 7,801 points.
|Consumer price index by economic categories 2011–2012|
|Subindices March 1997=100||Change in the last 12 months|
|Effect on the index|
|Consumer Price Index||219.0||221.4||6.4||6.4|
|Domestic goods and vegetables||195.6||197.0||7.1||1.0|
|Domestic goods less agricultural products||206.1||207.4||6.3||0.5|
|Imported goods less, alcohol and tobacco||188.8||192.2||4.9||1.7|
|Groceries (perishable items)||195.7||196.1||5.3||0.9|
|The Icelandic consumer price index 2011-2012|
|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.|