News
Wednesday - 27 June 2012
No. 119/2012
The CPI increases 0.5% from previous month
The Consumer Price Index based on prices in June is 400.1 points (May 1988=100), 0.50% higher than in the previous month. The CPI less housing cost is 380.7 points, 0.61% higher than in May.
Prices of petrol and diesel oil declined by 3.2% (effect on the index -0.19%) while international airfares rose by 11% (0.19%) and prices of food and non-alcoholic beverages rose by 1.1% (0.15%).
The CPI is 5.4% higher in June 2012 than in June 2011 and the CPI less housing cost is 5.5% higher than one year ago. Over the last three months, the CPI and the CPI less housing cost have increased by 1.3%, equivalent to an annual inflation rate of 5.2%.
The CPI compiled in the middle of June 2012, 400.1 points, is applicable for indexation purposes in August 2012. The old credit terms index for August 2012 is 7,900 points.
| Consumer price index by economic categories 2011–2012 | ||||
| Subindices March 1997=100 | Change in the last 12 months | |||
| Effect on the index | ||||
| May | June | % | ||
| Consumer Price Index | 223.0 | 224.2 | 5.4 | 5.4 |
| Thereof: | ||||
| Domestic goods and vegetables | 198.1 | 200.0 | 6.1 | 0.8 |
| Agricultural products | 182.9 | 184.7 | 5.7 | 0.3 |
| Domestic goods less agricultural products | 210.1 | 212.0 | 6.4 | 0.5 |
| Imported goods | 200.5 | 200.3 | 3.8 | 1.4 |
| Imported goods less, alcohol and tobacco | 193.5 | 193.2 | 3.7 | 1.3 |
| Groceries (perishable items) | 198.4 | 200.4 | 6.2 | 1.0 |
| The Icelandic consumer price index 2011-2012 | ||||||
| May 1988 = 100 | Annualized rates | |||||
| Monthly index | Monthly changes | Latest month | Latest 3 months | Latest 6 months | Latest 12 months | |
| 2011 | ||||||
| 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 |
| August | 380.9 | 0.3 | 3.2 | 3.5 | 7.3 | 5.0 |
| September | 383.3 | 0.6 | 7.8 | 4.1 | 6.6 | 5.7 |
| October | 384.6 | 0.3 | 4.1 | 5.0 | 5.7 | 5.3 |
| November | 384.6 | 0.0 | 0.0 | 3.9 | 3.7 | 5.2 |
| December | 386.0 | 0.4 | 4.5 | 2.8 | 3.5 | 5.3 |
| 2012 | ||||||
| January | 387.1 | 0.3 | 3.5 | 2.6 | 3.8 | 6.5 |
| February | 391.0 | 1.0 | 12.8 | 6.8 | 5.4 | 6.3 |
| March | 395.1 | 1.0 | 13.3 | 9.8 | 6.3 | 6.4 |
| April | 398.2 | 0.8 | 9.8 | 12.0 | 7.2 | 6.4 |
| May | 398.1 | 0.0 | -0.3 | 7.5 | 7.1 | 5.4 |
| June | 400.1 | 0.5 | 6.2 | 5.2 | 7.4 | 5.4 |
| Percentage changes, not seasonally adjusted. | ||||||
Statistics