The Consumer Price Index (CPI) based on prices in December 2019 is 473.3 points (May 1988=100), 0.11% higher than in the previous month. The CPI less housing cost is 404.0 points, 0.27% higher than in November 2019.
International airfares increased by 9.6% (effect on index 0.12%). Cost of owner occupied housing (imputed rent), decreased by 0.5% (-0.08%).
The average CPI in the year 2019 was 468.6 points, 3.0% higher than the average in 2018. This increase corresponds to a 2.7% rise in 2018 and 1.8% in 2017.
The average CPI less housing cost was 400.1 points in 2019, 2.6% higher than in 2018. This change can be compared to 0.9% in the year 2018 and -2.2% in 2017.
The CPI is 2.0% higher in December 2019 than in December 2018 while the CPI less housing cost is 1.7% higher than one year ago.
The CPI compiled in the middle of December 2019, 473.3 points, is applicable for indexation purposes in February 2020. The old credit terms index for February 2020 is 9,345 points.
| The Icelandic consumer price index 2018-2019 | ||||||
| May 1988 = 100 | Annualized rates | |||||
| Monthly index | Monthly changes | Latest month | Latest 3 months | Latest 6 months | Latest 12 months | |
| 2018 | ||||||
| December | 463.9 | 0.7 | 9.2 | 6.4 | 4.1 | 3.7 |
| 2019 | ||||||
| January | 462.0 | -0.4 | -4.8 | 2.3 | 3.2 | 3.4 |
| February | 462.9 | 0.2 | 2.4 | 2.1 | 3.2 | 3.0 |
| March | 465.3 | 0.5 | 6.4 | 1.2 | 3.8 | 2.9 |
| April | 467.0 | 0.4 | 4.5 | 4.4 | 3.3 | 3.3 |
| May | 468.0 | 0.2 | 2.6 | 4.5 | 3.3 | 3.6 |
| June | 469.8 | 0.4 | 4.7 | 3.9 | 2.6 | 3.3 |
| July | 468.8 | -0.2 | -2.5 | 1.6 | 3.0 | 3.1 |
| August | 470.1 | 0.3 | 3.4 | 1.8 | 3.1 | 3.2 |
| September | 470.5 | 0.1 | 1.0 | 0.6 | 2.2 | 3.0 |
| October | 472.2 | 0.4 | 4.4 | 2.9 | 2.2 | 2.8 |
| November | 472.8 | 0.1 | 1.5 | 2.3 | 2.1 | 2.7 |
| December | 473.3 | 0.1 | 1.3 | 2.4 | 1.5 | 2.0 |
| Percentage changes, not seasonally adjusted. | ||||||