The CPI compiled in March 2006 is 252.3 points (May 1988=100), 1.12% higher than in the previous month. The CPI less housing cost is 233.6 points, 1.17% higher than in February.
Winter sales have widely come to an end causing an 16.9% increase in prices of clothing and footwear (effect on the CPI 0.72%).
Owner occupied housing cost rose by 1.1% (0.19%).
The CPI in March 2006 is 4.5% higher than in March 2005 while the CPI less housing cost is 1.8% higher than one year ago. The CPI rose by 1.4% over the last three months equivalent to an annual inflation rate of 5.6% (CPI less housing cost: 2.8% inflation).
The credit terms index in April 2006 is 252.3 points. The old credit terms index is 4.982 points in April 2006.
| The Icelandic Consumer Price Index 2005-2006 | ||||||
| May 1988 = 100 | Annualized rates | |||||
| Monthly index | Monthly changes | Latest month | Latest 3 months | Latest 6 months | Latest 12 months | |
| 2005 | ||||||
| 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 |
| 2006 | ||||||
| January | 249.7 | 0.3 | 3.9 | 2.1 | 5.9 | 4.4 |
| February | 249.5 | -0.1 | -1.0 | 2.4 | 5.2 | 4.1 |
| March | 252.3 | 1.1 | 14.3 | 5.6 | 4.4 | 4.5 |
| Percentage changes, not seasonally adjusted. | ||||||
| Consumer price index by economic categories 2006 | ||||
| Subindices March 1997=100 | Change in the last 12 months | |||
| Feb. 2006 | March 2006 | Effect on the index | ||
| % | ||||
| Consumer Price Index | 139.8 | 139.8 | 4.5% | 4.5% |
| Thereof: | ||||
| Domestic goods | 129.4 | 129.4 | 3.3% | 0.5% |
| Agricultural products | 126.1 | 126.1 | 4.1% | 0.3% |
| Domestic goods less agricultural products and vegetables | 131.4 | 131.4 | 2.8% | 0.3% |
| Imported goods | 110.6 | 110.6 | 0.2% | 0.1% |
| Imported goods less, alcohol and tobacco | 106.3 | 106.3 | 0.0% | 0.0% |
| Core index 1 (CPI less agric. prod., vegetables, | ||||
| fruits and petrol) | 140.9 | 140.9 | 4.2% | 3.7% |
| Core index 2 (core index 1 less public services) | 140.9 | 140.9 | 4.4% | 3.5% |
| Groceries (perishable items) | 122.6 | 122.6 | 2.5% | 0.4% |
Enclosed to this release is a short memo explaining the planned changes to be made in the rebased CPI that will be published on 12 April.
Statistics