The Consumer Price Index based on prices in June 2014 is 422.8 points (May 1988=100), 0.36% higher than in May 2014. The CPI less housing cost is 397.6 points, 0.48% higher than in May.
International airfares rose by 12.2% (effect on the index (0.19%).
The CPI is 2.2% higher in June 2014 than in June 2013 and the CPI less housing cost is 1.0% higher than one year ago. Over the last three months, the CPI has increased by 0.7%, equivalent to an annual inflation rate of 3.0% (1.8% inflation for the CPI less housing cost).
The CPI compiled in the middle of June 2014, 422.8 points, is applicable for indexation purposes in August 2014. The old credit terms index for August 2014 is 8,348 points.
| Consumer price index by economic categories 2014 | ||||
| Subindices March 1997=100 | Change in the last 12 months | |||
| Effect on the index | ||||
| May | June | % | ||
| Consumer Price Index | 236.1 | 236.9 | 2.2 | 2.2 |
| Thereof: | ||||
| Domestic goods and vegetables | 211.7 | 211.5 | 0.8 | 0.1 |
| Agricultural products | 198.2 | 198.5 | 0.8 | 0.1 |
| Domestic goods less agricultural products | 221.8 | 221.0 | 0.7 | 0.0 |
| Imported goods | 202.1 | 202.0 | -0.6 | -0.2 |
| Imported goods less, alcohol and tobacco | 193.2 | 193.0 | -1.0 | -0.3 |
| Groceries (perishable items) | 209.0 | 208.6 | -0.1 | 0.0 |
| The Icelandic consumer price index 2013-2014 | ||||||
| May 1988 = 100 | Annualized rates | |||||
| Monthly index | Monthly changes | Latest month | Latest 3 months | Latest 6 months | Latest 12 months | |
| 2013 | ||||||
| June | 413.5 | 0.5 | 6.6 | 2.8 | 5.7 | 3.3 |
| July | 412.4 | -0.3 | -3.1 | 0.9 | 4.6 | 3.8 |
| August | 413.8 | 0.3 | 4.2 | 2.5 | 1.9 | 4.3 |
| September | 415.2 | 0.3 | 4.1 | 1.7 | 2.2 | 3.9 |
| October | 415.2 | 0.0 | 0.0 | 2.7 | 1.8 | 3.6 |
| November | 416.7 | 0.4 | 4.4 | 2.8 | 2.6 | 3.7 |
| December | 418.9 | 0.5 | 6.5 | 3.6 | 2.6 | 4.2 |
| 2014 | ||||||
| January | 415.9 | -0.7 | -8.3 | 0.7 | 1.7 | 3.1 |
| February | 418.7 | 0.7 | 8.4 | 1.9 | 2.4 | 2.1 |
| March | 419.7 | 0.2 | 2.9 | 0.8 | 2.2 | 2.2 |
| April | 421.0 | 0.3 | 3.8 | 5.0 | 2.8 | 2.3 |
| May | 421.3 | 0.1 | 0.9 | 2.5 | 2.2 | 2.4 |
| June | 422.8 | 0.4 | 4.4 | 3.0 | 1.9 | 2.2 |
| Percentage changes, not seasonally adjusted. | ||||||
Statistics