The CPI compiled in June 2007 is 272.4 points (May 1988=100), 0.52% higher than in the previous month. The CPI less housing cost is 246.2 points, 0.20% higher than in May.
Cost of owner occupied housing rose by 1.9% (effect on the index 0.34%), mainly owing to higher market prices of housing. Prices of petrol and diesel oil rose by 3.2% (0.14%).
The CPI in June 2007 is 4.0% higher than in June 2006 while the CPI less housing cost is 1.7% higher than one year ago. The constant tax-rate CPI is 5.8% higher in June 2007 than in June 2006. Over the last three months, the CPI rose by 2.0%, equivalent to an annual inflation rate of 8.2% (CPI less housing cost 5.0% inflation).
The credit terms index applicable in July 2007 is 272.4 points. The old credit terms index is 5.379 points for July 2007.
| The Icelandic Consumer Price Index 2006-2007 | ||||||
| May 1988 = 100 | Annualized rates | |||||
| Monthly index | Monthly changes | Latest month | Latest 3 months | Latest 6 months | Latest 12 months | |
| 2006 | ||||||
| June | 261.9 | 1.2 | 14.8 | 16.1 | 10.7 | 8.0 |
| July | 263.1 | 0.5 | 5.6 | 13.0 | 11.0 | 8.4 |
| August | 264.0 | 0.3 | 4.2 | 8.1 | 12.0 | 8.6 |
| September | 265.6 | 0.6 | 7.5 | 5.8 | 10.8 | 7.6 |
| October | 266.2 | 0.2 | 2.7 | 4.8 | 8.8 | 7.2 |
| November | 266.1 | 0.0 | -0.4 | 3.2 | 5.6 | 7.3 |
| December | 266.2 | 0.0 | 0.5 | 0.9 | 3.3 | 7.0 |
| 2007 | ||||||
| January | 266.9 | 0.3 | 3.2 | 1.1 | 2.9 | 6.9 |
| February | 268.0 | 0.4 | 5.1 | 2.9 | 3.1 | 7.4 |
| March | 267.1 | -0.3 | -4.0 | 1.4 | 1.1 | 5.9 |
| April | 268.7 | 0.6 | 7.4 | 2.7 | 1.9 | 5.3 |
| May | 271.0 | 0.9 | 10.8 | 4.6 | 3.7 | 4.7 |
| June | 272.4 | 0.5 | 6.4 | 8.2 | 4.7 | 4.0 |
| Percentage changes, not seasonally adjusted. | ||||||
| Consumer price index by economic categories 2007 | ||||
| Subindices March 1997=100 | Change in the last 12 months | |||
| Effect on the index | ||||
| May | June | % | ||
| Consumer Price Index | 151.8 | 152.6 | 4.0% | 4.0% |
| Thereof: | ||||
| Domestic goods | 130.6 | 130.1 | -2.4% | -0.3% |
| Agricultural products | 126.7 | 126.7 | -2.2% | -0.1% |
| Domestic goods less agricultural products and vegetables | 133.0 | 132.2 | -2.6% | -0.2% |
| Imported goods | 121.2 | 121.9 | 1.2% | 0.4% |
| Imported goods less, alcohol and tobacco | 117.1 | 117.8 | 1.0% | 0.3% |
| Core index 1 (CPI less agric. prod., vegetables, | ||||
| fruits and petrol) | 154.1 | 154.7 | 4.9% | 4.4% |
| Core index 2 (core index 1 less public services) | 154.9 | 155.5 | 5.0% | 4.1% |
| Groceries (perishable items) | 124.9 | 124.5 | -2.1% | -0.3% |
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