Wednesday - 29 August 2012
Consumer prices down by 0.15% between months
The Consumer Price Index based on prices in August is 396.6 points (May 1988=100), 0.15% lower than in the previous month. The CPI less housing cost is 376.6 points, 0.08% lower than in July.
Summer sales are coming to an end causing a 5.3% increase in prices of clothing and footwear (effect on the index 0.26%). International airfares declined by 12.6% (-0.21%) while prices of petrol and diesel oil rose by 2.8% (0.16%). Prices of food and non-alcoholic beverages decreased by 1.0% (-0.15%) and prices of new cars decreased by 1.8% (-0.10%).
The CPI is 4.1% higher in August 2012 than in August 2011 and the CPI less housing cost is 4.3% higher than one year ago. Over the last three months, the CPI has decreased by 0.4%, equivalent to an annual deflation rate of 1.5% (1.9% deflation for the CPI less housing cost).
The CPI compiled in the middle of August 2012, 396.6 points, is applicable for indexation purposes in October 2012. The old credit terms index for October 2012 is 7,831 points.
|Consumer price index by economic categories 2012|
|Subindices March 1997=100||Change in the last 12 months|
|Effect on the index|
|Consumer Price Index||222.5||222.2||4.1||4.1|
|Domestic goods and vegetables||203.2||201.5||5.2||0.7|
|Domestic goods less agricultural products||211.6||209.6||4.1||0.3|
|Imported goods less, alcohol and tobacco||188.8||189.8||2.8||1.0|
|Groceries (perishable items)||202.3||199.8||4.4||0.8|
|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|