The Consumer Price Index (CPI) based on prices in September 2017 is 444.6 points (May 1988=100), 0.14% higher than in the previous month. The CPI less housing cost is 383.7 points, 0.21% lower than in August 2017.

Cost of owner occupied housing (imputed rent), rose by 1.2% (effect on the index 0.24%). Prices of clothing and footwear increased by 6.0% (0.21%). Cost of international airfares decreased by 18.8% ( 0.25%). Prices of food and non-alcoholic beverages declined by 1.3% (-0.17%)

The CPI is 1.4% higher in September 2017 than in September 2016 while the CPI less housing cost is 3.1% lower than one year ago.

The CPI compiled in the middle of September 2017, 444.6 points, is applicable for indexation purposes in November 2017. The old credit terms index for November 2017 is 8,779 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            
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
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
Percentage changes, not seasonally adjusted.        

Statistics