The Consumer Price Index (CPI) based on prices in December 2015 is 430.8 points (May 1988=100), 0.33% higher than in November 2015. The CPI less housing cost is 395.8 points, 0.28% higher than in November.

International airfares increased by 16.9% (effect on the index 0.19%) and cost of housing, electricity and heating rose by 0.4% (0.12%).

The CPI is 2.0% higher in December 2015 than in December 2014 while the CPI less housing cost is 0.4% higher than one year ago.

The average CPI in the year 2015 was 428.0 points, 1.6% higher than the average in 2014. This increase corresponds to a 2.0% rise in 2014 and 3.9% in 2013.

The average CPI less housing cost was 395.9 points in 2015, 0.1% higher than in 2014. This change can be compared to a 0.8% rise in the year 2014 and 3.8% in 2013.

The CPI compiled in the middle of December 2015, 430.8 points, is applicable for indexation purposes in February 2016. The old credit terms index for February 2016 is 8,506 points.

Consumer price index by economic categories 2015
Subindices March 1997=100     Change in the last 12 months
     
        Effect on the index
  November December %
         
Consumer Price Index 240.6 241.4 2.0 2.0
Thereof:        
Domestic goods and vegetables 220.8 220.4 4.2 0.5
Agricultural products 208.4 207.7 5.5 0.3
Domestic goods less agricultural products 229.4 229.3 2.9 0.2
Imported goods 191.6 191.6 -3.0 -1.0
Imported goods less, alcohol and tobacco 182.2 182.1 -3.2 -1.0
Groceries (perishable items) 214.8 214.2 2.7

0.5

 

The Icelandic consumer price index 2014-2015
May 1988 = 100   Annualized rates
  Monthly index Monthly changes Latest month Latest 3 months Latest 6 months Latest 12 months
 
2014            
December 422.3 0.3 3.8 -0.3 -0.2 0.8
2015            
January 419.3 -0.7 -8.2 -3.6 -1.3 0.8
February 422.1 0.7 8.3 1.0 -0.5 0.8
March 426.4 1.0 12.9 3.9 1.8 1.6
April 427.0 0.1 1.7 7.6 1.8 1.4
May 428.2 0.3 3.4 5.9 3.4 1.6
June 429.3 0.3 3.1 2.7 3.3 1.5
July 430.0 0.2 2.0 2.8 5.2 1.9
August 432.3 0.5 6.6 3.9 4.9 2.2
September 430.6 -0.4 -4.6 1.2 2.0 1.9
October 430.9 0.1 0.8 0.8 1.8 1.8
November 429.4 -0.3 -4.1 -2.7 0.6 2.0
December 430.8 0.3 4.0 0.2 0.7 2.0
Percentage changes, not seasonally adjusted.      

 

Staistics