The Consumer Price Index (CPI) based on prices in August 2021, is 505.8 points (May 1988=100), 0.46% higher than in the previous month. The CPI less housing cost is 429.0 points, 0.40% higher than in July 2021.

Cost of owner occupied housing (imputed rent) rose by 1.0% (0.16%).

The CPI is 4.3% higher in August 2021 than in August 2020 and the CPI less housing cost is 3.3% higher than one year ago.

The CPI compiled in the middle of August 2021, 505.8 points, is applicable for indexation purposes in October 2021. The old credit terms index for October 2021 is 9,987 points.

The Icelandic consumer price index 2020-2021
May 1988 = 100 Monthly index Monthly changes, % Annual changes, %
2020
August485.10.463.2
September487.00.393.5
October489.10.433.6
November489.30.043.5
December490.30.203.6
2021
January490.0-0.064.3
February493.40.694.1
March495.80.494.3
April499.30.714.6
May501.40.424.4
June502.70.264.3
July503.50.164.3
August505.80.464.3

Statistics