The CPI based on prices in July is 361.7 points (May 1988=100), 0.66% lower than in the previous month. The CPI has not decreased more in one month since March 1986. The CPI less housing cost is 343.6 points, 0.78% lower than in June.
Summer sales are widely underway causing a decrease in prices of clothing and footwear by 10.3% (effect on the index -0.68%).
The CPI in July 2010 is 4.8% higher than in July 2009 while the CPI less housing cost is 6.1% higher than one year ago. Over the last three months, the CPI has increased by 0.6%, equivalent to an annual deflation rate of 2.3% (3.8% deflation for the CPI less housing cost).
The CPI compiled in the middle of July 2010, 361.7 points, is applicable for indexation purposes in September 2010. The old credit terms index for September 2010 is 7,142 points.
| The Icelandic consumer price index 2009-2010 | ||||||
| May 1988 = 100 | Annualized rates | |||||
| Monthly index | Monthly changes | Latest month | Latest 3 months | Latest 6 months | Latest 12 months | |
| 2009 | ||||||
| July | 345.1 | 0.2 | 2.1 | 11.3 | 6.2 | 11.3 |
| August | 346.9 | 0.5 | 6.4 | 8.6 | 6.3 | 10.9 |
| September | 349.6 | 0.8 | 9.8 | 6.1 | 9.2 | 10.8 |
| October | 353.6 | 1.1 | 14.6 | 10.2 | 10.8 | 9.7 |
| November | 356.2 | 0.7 | 9.2 | 11.2 | 9.9 | 8.6 |
| December | 357.9 | 0.5 | 5.9 | 9.8 | 7.9 | 7.5 |
| 2010 | ||||||
| January | 356.8 | -0.3 | -3.6 | 3.7 | 6.9 | 6.6 |
| February | 360.9 | 1.1 | 14.7 | 5.4 | 8.2 | 7.3 |
| March | 362.9 | 0.6 | 6.9 | 5.7 | 7.8 | 8.5 |
| April | 363.8 | 0.2 | 3.0 | 8.1 | 5.9 | 8.3 |
| May | 365.3 | 0.4 | 5.1 | 5.0 | 5.2 | 7.5 |
| June | 364.1 | -0.3 | -3.9 | 1.3 | 3.5 | 5.7 |
| July | 361.7 | -0.7 | -7.6 | -2.3 | 2.8 | 4.8 |
| Percentage changes, not seasonally adjusted. | ||||||
| Consumer price index by economic categories 2010 | ||||
| Subindices March 1997=100 | Change in the last 12 months | |||
| Effect on the index | ||||
| June | July | % | ||
| Consumer Price Index | 204.0 | 202.7 | 4.8 | 4.8 |
| Thereof: | ||||
| Domestic goods and vegetables | 178.4 | 178.7 | 5.9 | 0.8 |
| Agricultural products | 161.2 | 161.6 | 1.8 | 0.1 |
| Domestic goods less agricultural products | 192.1 | 192.5 | 9.3 | 0.7 |
| Imported goods | 186.9 | 183.1 | 5.9 | 2.2 |
| Imported goods less, alcohol and tobacco | 180.5 | 176.4 | 5.7 | 1.9 |
| Groceries (perishable items) | 182.6 | 182.5 | 4.4 | 0.8 |