The CPI based on prices in July is 379.9 points (May 1988=100), 0.11% higher than in the previous month. The CPI less housing cost is 359.9 points, 0.22% lower than in June.
Summer sales are widely ongoing causing a decrease in prices of clothing and footwear by 9.4% (effect on the index -0.56%).
Cost of owner occupied housing increased by 1.2% (0.15%), thereof the effect of higher market prices was 0.17% and the effect of lower real interest rates -0.02%. Prices of food and non-alcoholic beverages rose by 0.7% (0.10%).
The CPI is 5.0% higher in July 2011 than in July 2010 and the CPI less housing cost is 4.7% higher than one year ago. Over the last three months, the CPI has increased by 1.6%, equivalent to an annual inflation rate of 6.3% (4.2% inflation for the CPI less housing cost).
| Consumer price index by economic categories 2011 | ||||
| Subindices March 1997=100 | Change in the last 12 months | |||
| Effect on the index | ||||
| June | July | % | ||
| Consumer Price Index | 212,6 | 212,8 | 5,0 | 5,0 |
| Thereof: | ||||
| Domestic goods and vegetables | 188,6 | 189,7 | 6,1 | 0,8 |
| Agricultural products | 174,7 | 175,0 | 8,3 | 0,5 |
| Domestic goods less agricultural products | 199,3 | 201,0 | 4,5 | 0,3 |
| Imported goods | 192,9 | 190,8 | 4,2 | 1,6 |
| Imported goods less, alcohol and tobacco | 186,3 | 184,0 | 4,3 | 1,5 |
| Groceries (perishable items) | 188,6 | 190,1 | 4,1 | 0,7 |
| The Icelandic consumer price index 2010-2011 | ||||||
| May 1988 = 100 | Annualized rates | |||||
| Monthly index | Monthly changes | Latest month | Latest 3 months | Latest 6 months | Latest 12 months | |
| 2010 | ||||||
| July | 361,7 | -0,7 | -7,6 | -2,3 | 2,8 | 4,8 |
| August | 362,6 | 0,2 | 3,0 | -2,9 | 0,9 | 4,5 |
| September | 362,6 | 0,0 | 0,0 | -1,6 | -0,2 | 3,7 |
| October | 365,3 | 0,7 | 9,3 | 4,0 | 0,8 | 3,3 |
| November | 365,5 | 0,1 | 0,7 | 3,2 | 0,1 | 2,6 |
| December | 366,7 | 0,3 | 4,0 | 4,6 | 1,4 | 2,5 |
| 2011 | ||||||
| January | 363,4 | -0,9 | -10,3 | -2,1 | 0,9 | 1,8 |
| February | 367,7 | 1,2 | 15,2 | 2,4 | 2,8 | 1,9 |
| March | 371,2 | 1,0 | 12,0 | 5,0 | 4,8 | 2,3 |
| April | 374,1 | 0,8 | 9,8 | 12,3 | 4,9 | 2,8 |
| May | 377,6 | 0,9 | 11,8 | 11,2 | 6,7 | 3,4 |
| June | 379,5 | 0,5 | 6,2 | 9,2 | 7,1 | 4,2 |
| July | 379,9 | 0,1 | 1,3 | 6,3 | 9,3 | 5,0 |
| Percentage changes, not seasonally adjusted. | ||||||
Statistics