The Consumer Price Index (CPI) based on prices in October 2017 is 446.7 points (May 1988=100), 0.47% higher than in the previous month. The CPI less housing cost is 386.1 points, 0.63% higher than in September 2017.

Prices of food and non-alcoholic beverages rose by 1.9% (effect on the index 0.24%).          

The CPI is 1.9% higher in October 2017 than in October 2016 while the CPI less housing cost is 2.3% lower than one year ago.

The CPI compiled in the middle of October 2017, 446.7 points, is applicable for indexation purposes in December 2017. The old credit terms index for December 2017 is 8,820 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            
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
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
Percentage changes, not seasonally adjusted.        

Statistics