The Consumer Price Index (CPI) based on prices in March 2016 is 432.8 points (May 1988=100), 0.37% higher than in February 2016. The CPI less housing cost is 396.1 points, 0.46% higher than in February.
Winter sales have come to an end causing an increase in prices of clothing and footwear by 3.6% (effect on index 0.15%).
The CPI is 1.5% higher in March 2016 than in March 2015 while the CPI less housing cost is 0.2% higher than one year ago.
The CPI compiled in the middle of March 2016, 432.8 points, is applicable for indexation purposes in May 2016. The old credit terms index for May 2016 is 8,546 points.
| Consumer price index by economic categories 2016 | ||||
| Subindices March 1997=100 | Change in the last 12 months | |||
| Effect on the index | ||||
| February | March | % | ||
| Consumer Price Index | 241.6 | 242.5 | 1.5 | 1.5 |
| Thereof: | ||||
| Domestic goods and vegetables | 221.7 | 222.6 | 2.6 | 0.3 |
| Agricultural products | 208.3 | 209.0 | 2.5 | 0.2 |
| Domestic goods less agricultural products | 231.3 | 232.5 | 2.8 | 0.2 |
| Imported goods | 188.5 | 189.6 | -2.6 | -0.9 |
| Imported goods less, alcohol and tobacco | 178.5 | 179.7 | -3.1 | -0.9 |
| Groceries (perishable items) | 215.1 | 215.5 | 1.8 | 0.3 |
| The Icelandic consumer price index 2015-2016 | ||||||
| May 1988 = 100 | Annualized rates | |||||
| Monthly index | Monthly changes | Latest month | Latest 3 months | Latest 6 months | Latest 12 months | |
| 2015 | ||||||
| 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 |
| 2016 | ||||||
| January | 428.3 | -0.6 | -6.7 | -2.4 | -0.8 | 2.1 |
| February | 431.2 | 0.7 | 8.4 | 1.7 | -0.5 | 2.2 |
| March | 432.8 | 0.4 | 4.5 | 1.9 | 1.0 | 1.5 |
| Percentage changes, not seasonally adjusted. | ||||||