The Consumer Price Index (CPI) based on prices in December 2017 is 447.2 points (May 1988=100), 0.27% higher than in the previous month. The CPI less housing cost is 386.6 points, 0.62% higher than in November 2017.

Cost of owner occupied housing (imputed rent) declined by 1.1% (effect on the index -0.22%). Cost of international airfares increased by 24.5% (0.22%).

The CPI is 1.9% higher in December 2017 than in December 2016 while the CPI less housing cost is 1.6% lower than one year ago.

The CPI compiled in the middle of December 2017, 447.2 points, is applicable for indexation purposes in February 2018. The old credit terms index for February 2018 is 8,830 points.

The Icelandic consumer price index 2016-2017
May 1988 = 100   Annualized rates
  Monthly index Monthly changes Latest month Latest 3 months Latest 6 months Latest 12 months
 
2016            
November 438.4 0.0 -0.3 1.8 1.3 2.1
December 439.0 0.1 1.7 0.5 1.2 1.9
2017            
January 436.5 -0.6 -6.6 -1.8 0.7 1.9
February 439.6 0.7 8.9 1.1 1.5 1.9
March 439.9 0.1 0.8 0.8 0.6 1.6
April 442.1 0.5 6.2 5.2 1.6 1.9
May 443.0 0.2 2.5 3.1 2.1 1.7
June 443.0 0.0 0.0 2.8 1.8 1.5
July 442.9 0.0 -0.3 0.7 3.0 1.8
August 444.0 0.2 3.0 0.9 2.0 1.7
September 444.6 0.1 1.6 1.5 2.1 1.4
October 446.7 0.5 5.8 3.5 2.1 1.9
November 446.0 -0.2 -1.9 1.8 1.4 1.7
December 447.2 0.3 3.3 2.4 1.9 1.9
Percentage changes, not seasonally adjusted.        

Statistics