The CPI based on prices in March is 371.2 points (May 1988=100), 0.95% higher than in the previous month. The CPI less housing cost is 353.9 points, 1.09% higher than in February.
Prices of petrol and diesel oil rose by 6.9% (effect on the index 0.41%) and prices of clothing and footwear rose by 3.7% (0.23%). Cost of owner occupied housing increased by 0.8% (0.10%).
The CPI as well as the CPI less housing cost are 2.3% higher in March 2011 than in March 2010. Over the last three months, the CPI has increased by 1.2%, equivalent to an annual inflation rate of 5.0% (5.1% inflation for the CPI less housing cost).
The CPI compiled in the middle of March 2011, 371.2 points, is applicable for indexation purposes in May 2011. The old credit terms index for May 2011 is 7,329 points.
| Consumer price index by economic categories 2010-2011 | ||||
| Subindices March 1997=100 | Change in the last 12 months | |||
| Effect on the index | ||||
| February | March | % | ||
| Consumer Price Index | 206.0 | 208.0 | 2.3 | 2.3 |
| Thereof: | ||||
| Domestic goods and vegetables | 184.2 | 183.9 | 2.4 | 0.3 |
| Agricultural products | 170.5 | 169.4 | 3.0 | 0.2 |
| Domestic goods less agricultural products | 194.8 | 195.2 | 2.0 | 0.2 |
| Imported goods | 185.9 | 190.1 | 1.0 | 0.4 |
| Imported goods less, alcohol and tobacco | 178.9 | 183.3 | 0.8 | 0.3 |
| Groceries (perishable items) | 186.3 | 186.3 | 1.1 | 0.2 |
| The Icelandic consumer price index 2010-2011 | ||||||
| May 1988 = 100 | Annualized rates | |||||
| Monthly index | Monthly changes | Latest month | Latest 3 months | Latest 6 months | Latest 12 months | |
| 2010 | ||||||
| March | 362.9 | 0.6 | 6.9 | 5.7 | 7.8 | 8.5 |
| April | 363.8 | 0.2 | 3.0 | 8.1 | 5.9 | 8.3 |
| May | 365.3 | 0.4 | 5.1 | 5.0 | 5.2 | 7.5 |
| June | 364.1 | -0.3 | -3.9 | 1.3 | 3.5 | 5.7 |
| July | 361.7 | -0.7 | -7.6 | -2.3 | 2.8 | 4.8 |
| August | 362.6 | 0.2 | 3.0 | -2.9 | 0.9 | 4.5 |
| September | 362.6 | 0.0 | 0.0 | -1.6 | -0.2 | 3.7 |
| October | 365.3 | 0.7 | 9.3 | 4.0 | 0.8 | 3.3 |
| November | 365.5 | 0.1 | 0.7 | 3.2 | 0.1 | 2.6 |
| December | 366.7 | 0.3 | 4.0 | 4.6 | 1.4 | 2.5 |
| 2011 | ||||||
| January | 363.4 | -0.9 | -10.3 | -2.1 | 0.9 | 1.8 |
| February | 367.7 | 1.2 | 15.2 | 2.4 | 2.8 | 1.9 |
| March | 371.2 | 1.0 | 12.0 | 5.0 | 4.8 | 2.3 |
| Percentage changes, not seasonally adjusted. | ||||||
Statistics