The CPI compiled in December 2005 is 248.9 points (May 1988=100), 0.36% higher than in the previous month. The CPI less housing cost is 232.0 points, 0.22% higher than in November.
Owner occupied housing cost rose by 0.9% (effect on the CPI 0.15%), the effect of higher market prices of houses was 0.13% and of higher average real mortgage rates 0.02%. Prices of clothing and footwear are 2.1% higher (0.11).
The CPI in December 2005 is 4.1% higher than in December 2004 while the CPI less housing cost is 0.7% higher than one year ago. The CPI rose by 0.8% over the last three months equivalent to an annual inflation rate of 3.3% (CPI less housing cost: 1.0% inflation).
The credit terms index in January 2006 is 248.9 points. The old credit terms index is 4.915 points in January 2006.
| The Icelandic Consumer Price Index 2004-2005 | ||||||
| May 1988 = 100 | Annualized rates | |||||
| Monthly index | Monthly changes | Latest month | Latest 3 months | Latest 6 months | Latest 12 months | |
| 2004 | ||||||
| August | 234,6 | 0,0 | 0,0 | 1,2 | 4,6 | 3,7 |
| September | 235,6 | 0,4 | 5,2 | -0,2 | 4,3 | 3,4 |
| October | 237,4 | 0,8 | 9,6 | 4,9 | 4,7 | 3,7 |
| November | 237,9 | 0,2 | 2,6 | 5,7 | 3,4 | 3,8 |
| December | 239,0 | 0,5 | 5,7 | 5,9 | 2,8 | 3,9 |
| 2005 | ||||||
| January | 239,2 | 0,1 | 1,0 | 3,1 | 4,0 | 4,0 |
| February | 239,7 | 0,2 | 2,5 | 3,1 | 4,4 | 4,5 |
| March | 241,5 | 0,8 | 9,4 | 4,3 | 5,1 | 4,7 |
| April | 242,0 | 0,2 | 2,5 | 4,8 | 3,9 | 4,3 |
| May | 240,7 | -0,5 | -6,3 | 1,7 | 2,4 | 2,9 |
| June | 242,4 | 0,7 | 8,8 | 1,5 | 2,9 | 2,8 |
| July | 242,7 | 0,1 | 1,5 | 1,2 | 2,9 | 3,5 |
| August | 243,2 | 0,2 | 2,5 | 4,2 | 2,9 | 3,7 |
| September | 246,9 | 1,5 | 19,9 | 7,6 | 4,5 | 4,8 |
| October | 248,4 | 0,6 | 7,5 | 9,7 | 5,4 | 4,6 |
| November | 248,0 | -0,2 | -1,9 | 8,1 | 6,2 | 4,2 |
| December | 248,9 | 0,4 | 4,4 | 3,3 | 5,4 | 4,1 |
| Percentage changes, not seasonally adjusted. | ||||||
| Consumer price index by economic categories 2005 | ||||
| Subindices March 1997=100 | Change in the last 12 months | |||
| Nov. 2005 | Dec. 2005 | Effect on the index | ||
| % | ||||
| Consumer Price Index | 138,9 | 139,4 | 4,1% | 4,1% |
| Thereof: | ||||
| Domestic goods | 126,1 | 126,4 | -1,0% | -0,2% |
| Agricultural products | 121,4 | 122,0 | -0,3% | 0,0% |
| Domestic goods less agricultural products and vegetables | 129,2 | 129,2 | -1,5% | -0,1% |
| Imported goods | 113,5 | 113,3 | -2,2% | -0,7% |
| Imported goods less, alcohol and tobacco | 109,5 | 109,4 | -2,6% | -0,8% |
| Core index 1 (CPI less agric. prod., vegetables, | ||||
| fruits and petrol) | 140,4 | 141,1 | 4,6% | 4,0% |
| Core index 2 (core index 1 less public services) | 140,5 | 141,1 | 4,4% | 3,5% |
| Groceries (perishable items) | 119,2 | 119,7 | -3,0% | -0,5% |