The CPI compiled in September 2007 is 276.7 points (May 1988=100), 1.32% higher than in the previous month. The CPI less housing cost is 247.8 points, 1.14% higher than in August.
Summer sales have widely come to an end causing 13.6% increase in prices of clothing and footwear (effect on the index 0.54%).
Cost of owner occupied housing rose by 2.5% (0.47%), an effect of 0.41% owing to higher market prices of housing and 0.06% owing to higher real interest rates.
The CPI in September 2007 is 4.2% higher than in September 2006 while the CPI less housing cost is 1.1% higher than one year ago. The constant tax-rate CPI is 6.0% higher in September 2007 than in September 2006. Over the last three months, the CPI has risen by 1.6%, equivalent to an annual inflation rate of 6.5% (2.6% for the CPI less housing cost).
The credit terms index applicable in October 2007 is 276.7 points. The old credit terms index is 5.463 points for October 2007.
| 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 | ||||||
| September | 265.6 | 0.6 | 7.5 | 5.8 | 10.8 | 7.6 |
| October | 266.2 | 0.2 | 2.7 | 4.8 | 8.8 | 7.2 |
| November | 266.1 | 0.0 | -0.4 | 3.2 | 5.6 | 7.3 |
| 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 |
| 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 | ||||
| August | September | % | ||
| Consumer Price Index | 153.0 | 155.0 | 4.2% | 4.2% |
| Thereof: | ||||
| Domestic goods | 131.2 | 132.0 | -4.1% | -0.6% |
| Agricultural products | 127.9 | 128.7 | -4.2% | -0.3% |
| Domestic goods less agricultural products and vegetables | 133.1 | 133.9 | -4.1% | -0.3% |
| Imported goods | 118.6 | 121.3 | 0.3% | 0.1% |
| Imported goods less, alcohol and tobacco | 114.4 | 117.1 | 0.0% | 0.0% |
| Core index 1 (CPI less agric. prod., vegetables, | ||||
| fruits and petrol) | 155.1 | 157.1 | 5.2% | 4.6% |
| Core index 2 (core index 1 less public services) | 155.9 | 158.0 | 5.3% | 4.3% |
| Groceries (perishable items) | 124.8 | 125.5 | -4.9% | -0.8% |
Statistics