The CPI compiled in December 2007 is 281.8 points (May 1988=100), 0.68% higher than in the previous month. The CPI less housing cost is 251.4 points, also 0.68% higher than in November.
Cost of having own car rose by 1.5% (effect on the index 0.22%), mainly owing to higher prices of petrol and diesel oil (0.11%) and of higher car prices (0.09%). Prices of food and beverages rose by 1.5% (0.18%).
Cost of owner occupied housing rose by 0.9% (0.17%). Thereof 0.13% was due to higher real interest rates and 0.04% to higher market prices of housing.
The CPI in December 2007 is 5.9% higher than in December 2006 while the CPI less housing cost is 2.6% higher than one year ago. The constant tax-rate CPI is 7.7% higher in December 2007 than in December 2006 and the constant tax-rate CPI less housing cost is 5.0% higher. Over the last three months, the CPI has risen by 1.8%, equivalent to an annual inflation rate of 7.6% (5.9% for the CPI less housing cost).
The credit terms index applicable in January 2008 is 281.8 points. The old credit terms index is 5,564 points for January 2008.
| The Icelandic Consumer Price Index 2006-2007 | ||||||
| May 1988 = 100 | Annualized rates | |||||
| Monthly index | Monthly changes | Latest month | Latest 3 months | Latest 6 months | Latest 12 months | |
| 2006 | ||||||
| December | 266.2 | 0.0 | 0.5 | 0.9 | 3.3 | 7.0 |
| 2007 | ||||||
| January | 266.9 | 0.3 | 3.2 | 1.1 | 2.9 | 6.9 |
| February | 268.0 | 0.4 | 5.1 | 2.9 | 3.1 | 7.4 |
| March | 267.1 | -0.3 | -4.0 | 1.4 | 1.1 | 5.9 |
| April | 268.7 | 0.6 | 7.4 | 2.7 | 1.9 | 5.3 |
| May | 271.0 | 0.9 | 10.8 | 4.6 | 3.7 | 4.7 |
| June | 272.4 | 0.5 | 6.4 | 8.2 | 4.7 | 4.0 |
| July | 273.0 | 0.2 | 2.7 | 6.6 | 4.6 | 3.8 |
| August | 273.1 | 0.0 | 0.4 | 3.1 | 3.8 | 3.4 |
| September | 276.7 | 1.3 | 17.0 | 6.5 | 7.3 | 4.2 |
| October | 278.1 | 0.5 | 6.2 | 7.7 | 7.1 | 4.5 |
| November | 279.9 | 0.6 | 8.0 | 10.3 | 6.7 | 5.2 |
| December | 281.8 | 0.7 | 8.5 | 7.6 | 7.0 | 5.9 |
| Percentage changes, not seasonally adjusted. | ||||||
| Consumer price index by economic categories 2007 | ||||
| Subindices March 1997=100 | Change in the last 12 months | |||
| Effect on the index | ||||
| November | December | % | ||
| Consumer Price Index | 156.8 | 157.9 | 5.9% | 5.9% |
| Thereof: | ||||
| Domestic goods | 133.0 | 134.3 | -1.4% | -0.2% |
| Agricultural products | 129.1 | 131.0 | 0.3% | 0.0% |
| Domestic goods less agricultural products and vegetables | 135.3 | 136.3 | -2.6% | -0.2% |
| Imported goods | 122.3 | 123.4 | 2.6% | 0.9% |
| Imported goods less, alcohol and tobacco | 118.3 | 119.4 | 2.7% | 0.8% |
| Core index 1 (CPI less agric. prod., vegetables, | ||||
| fruits and petrol) | 158.8 | 159.7 | 5.8% | 5.1% |
| Core index 2 (core index 1 less public services) | 159.9 | 160.8 | 6.0% | 4.9% |
| Groceries (perishable items) | 126.2 | 127.8 | -1.9% | -0.3% |
Statistics