NEWS RELEASE PRICES 13 JANUARY 2005

The CPI compiled in January 2005 is 239.2 points (May 1988=100), 0.08% higher than in the previous month. The CPI less housing cost is 229.2 points, 0.56% lower than in December.

Due to winter sales the prices of clothing and footwear fell by 10% (effect on the CPI -0.56%) and the prices of furniture and various housing equipment fell by 3.3% (-0.18%). The prices of petrol and diesel oil fell by 5.7% (-0.24%).

Housing prices rose by 2.9% (0.39%), charges for public services rose by 4.4% (0.32%) and charges and fees for other services rose by 1.0% (0.22%).  

The CPI in January 2005 is 4.0% higher than in January 2004 and the CPI less housing cost is 2.1% higher. The CPI rose by 0.8% over the last three months equivalent to an annual inflation of 3.1% (CPI less housing cost minus 1.0%). 

The average of the CPI year 2004 was 234.6 points, 3.2% higher than the 2003 year?s average. Similar rise was 2.1% for year 2003 and 4.8% for year 2002.

The CPI less housing cost was on average 227.5 points, 2.1% higher than the average year 2003. Similar rise was 0.7% for year 2003 and 4.6% for year 2002.

The credit term index in February 2005 is 239.2 points. The old credit term index is 4,723 points in February 2005.

Statistics

Further Information

For further information please contact 528 1100 , email upplysingar@hagstofa.is

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