The Consumer Price Index (CPI) based on prices in April 2024, is 623.7 points (May 1988=100), 0.55% higher than in the previous month. The CPI less housing cost is 505.9 points, 0.30% higher than in March 2024.

Cost of owner occupied housing (imputed rent) increased by 1.7% (effect on index 0.32%) and prices of international airfares increased by 11,3% (0,20%).

The CPI is 6.0% higher in April 2024 than in April 2023 and the CPI less housing cost is 3.9% higher than one year ago.

The CPI compiled in the middle of April 2024, 623.7 points, is applicable for indexation purposes in June 2024.

Below is an English translation of the report on the new method for rental equivalence for owner occupied housing which was published in Icelandic in March 2024.

Housing component of the consumer price index – Implementation of a new methodology – Working paper


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