Thursday - 24 May 2012
The CPI decreases slightly between months
The Consumer Price Index based on prices in May is 398.1 points (May 1988=100), 0.03% lower than in the previous month. The CPI less housing cost is 378.4 points, 0.08% lower than in April.
Prices of petrol and diesel oil declined by 3.9% (effect on the index -0.24%) but airfares in international flights rose by 7.6% (0.12%).
The CPI is 5.4% higher in May 2012 than in May 2011 and the CPI less housing cost is 5.5% higher than one year ago. Over the last three months, the CPI has increased by 1.8%, equivalent to an annual inflation rate of 7.5% (8.1% inflation for the CPI less housing cost).
The CPI compiled in the middle of May 2012, 398.1 points, is applicable for indexation purposes in July 2012. The old credit terms index for July 2012 is 7,860 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||223.1||223.0||5.4||5.4|
|Domestic goods and vegetables||198.5||198.1||6.7||0.9|
|Domestic goods less agricultural products||209.7||210.1||6.3||0.4|
|Imported goods less, alcohol and tobacco||194.9||193.5||4.2||1.4|
|Groceries (perishable items)||198.1||198.4||6.2||1.0|
|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.|