The Consumer Price Index (CPI) based on prices in February 2017 is 439.6 points (May 1988=100) which is 0.71% higher than in the previous month. The CPI less housing cost is 390.3 points, 0.59% higher than in January 2017.

The cost of owner occupied housing (imputed rent) rose by 1.7% (effect on the index 0.29%). Prices of household appliances increased by 19.3% (0.12%) and prices of furniture and furnishings increased by 8.8% (0.11%) after winter sales.

The CPI is 1.9% higher in February 2017 than in February 2016 while the CPI less housing cost has decreased by 1.0% from one year ago.

The CPI compiled in the middle of February 2017, 439.6 points, is applicable for indexation purposes in April 2017. The old credit terms index for April 2017 is 8,680 points.

Consumer price index by economic categories 2016-2017
Subindices March 1997=100     Change in the last 12 months
     
        Effect on the index
  January February %
         
Consumer Price Index 244.5 246.3 1.9 1.9
Thereof:        
Domestic goods and vegetables 223.8 224.5 1.3 0.2
Agricultural products 212.1 214.0 2.7 0.2
Domestic goods less agricultural products 232.0 231.5 0.1 0.0
Imported goods 180.0 181.9 -3.5 -1.2
Imported goods less, alcohol and tobacco 169.0 170.8 -4.3 -1.3
Groceries (perishable items) 212.4 212.4 -1.3 -0.2
The Icelandic consumer price index 2016-2017
May 1988 = 100   Annualized rates
  Monthly index Monthly changes Latest month Latest 3 months Latest 6 months Latest 12 months
 
2016            
February 431.2 0.7 8.4 1.7 -0.5 2.2
March 432.8 0.4 4.5 1.9 1.0 1.5
April 433.7 0.2 2.5 5.1 1.3 1.6
May 435.5 0.4 5.1 4.0 2.9 1.7
June 436.3 0.2 2.2 3.3 2.6 1.6
July 434.9 -0.3 -3.8 1.1 3.1 1.1
August 436.4 0.3 4.2 0.8 2.4 0.9
September 438.5 0.5 5.9 2.0 2.7 1.8
October 438.5 0.0 0.0 3.4 2.2 1.8
November 438.4 0.0 -0.3 1.8 1.3 2.1
December 439.0 0.1 1.7 0.5 1.2 1.9
2017            
January 436.5 -0.6 -6.6 -1.8 0.7 1.9
February 439.6 0.7 8.9 1.1 1.5 1.9
Percentage changes, not seasonally adjusted.        

Statistics