The Consumer Price Index (CPI) based on prices in February 2018 is 449.5 points (May 1988=100), 0.60% higher than in the previous month. The CPI less housing cost is 386.7 points, 0.60% higher than in January 2018.
Winter sales have partly come to a close causing an increase in prices of clothing and footwear by 4.9% (effect on the index 0.16). Cost of owner occupied housing (imputed rent) rose by 0.7% (0.15%).
The CPI is 2.3% higher in February 2018 than in February 2017 while the CPI less housing cost is 0.9% lower than one year ago.
The CPI compiled in the middle of February 2018, 449.5 points, is applicable for indexation purposes in April 2018. The old credit terms index for April 2018 is 8,875 points.
| The Icelandic consumer price index 2017-2018 | ||||||
| May 1988 = 100 | Annualized rates | |||||
| Monthly index | Monthly changes | Latest month | Latest 3 months | Latest 6 months | Latest 12 months | |
| 2017 | ||||||
| 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 |
| 2018 | ||||||
| January | 446.8 | -0.1 | -1.1 | 0.1 | 1.8 | 2.4 |
| February | 449.5 | 0.6 | 7.5 | 3.2 | 2.5 | 2.3 |
| Percentage changes, not seasonally adjusted. | ||||||