The Consumer Price Index (CPI) based on prices in May 2017 is 443.0 points (May 1988=100), 0.20% higher than in April 2017. The CPI less housing cost is 387.6 points, 0.41% lower than in April 2017.

Cost of owner occupied housing (imputed rent), rose by 2.5% (effect on the index 0.48%) and international airfares declined by 8.6% (-0.10%).

The CPI is 1.7% higher in May 2017 than in May 2016 while the CPI less housing cost is 2.6% lower than one year ago.

The CPI compiled in the middle of May 2017, 443.0 points, is applicable for indexation purposes in July 2017. The old credit terms index for July 2017 is 8,747 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            
May 435.5 0.4 5.1 4.0 2.9 1.7
June 436.3 0.2 2.2 3.3 2.6 1.6
July 434.9 -0.3 -3.8 1.1 3.1 1.1
August 436.4 0.3 4.2 0.8 2.4 0.9
September 438.5 0.5 5.9 2.0 2.7 1.8
October 438.5 0.0 0.0 3.4 2.2 1.8
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
Percentage changes, not seasonally adjusted.        

Statistiscs