The Consumer Price Index (CPI) based on prices in March 2018 is 452.0 points (May 1988=100), 0.56% higher than in the previous month. The CPI less housing cost is 388.1 points, 0.36% higher than in February 2018.
Winter sales have come to an end causing an increase in prices of clothing and footwear by 4.4% (effect on the index 0.15%). Cost of owner occupied housing (imputed rent) rose by 1.4% (0.29%).
The CPI is 2.8% higher in March 2018 than in March 2017 while the CPI less housing cost is 0.3% lower than one year ago.
The CPI compiled in the middle of March 2018, 452.0 points, is applicable for indexation purposes in May 2018. The old credit terms index for May 2018 is 8,925 points.
| The Icelandic consumer price index 2017-2018 | ||||||
| May 1988 = 100 | Annualized rates | |||||
| Monthly index | Monthly changes | Latest month | Latest 3 months | Latest 6 months | Latest 12 months | |
| 2017 | ||||||
| March | 439.9 | 0.1 | 0.8 | 0.8 | 0.6 | 1.6 |
| April | 442.1 | 0.5 | 6.2 | 5.2 | 1.6 | 1.9 |
| May | 443.0 | 0.2 | 2.5 | 3.1 | 2.1 | 1.7 |
| June | 443.0 | 0.0 | 0.0 | 2.8 | 1.8 | 1.5 |
| July | 442.9 | 0.0 | -0.3 | 0.7 | 3.0 | 1.8 |
| August | 444.0 | 0.2 | 3.0 | 0.9 | 2.0 | 1.7 |
| September | 444.6 | 0.1 | 1.6 | 1.5 | 2.1 | 1.4 |
| October | 446.7 | 0.5 | 5.8 | 3.5 | 2.1 | 1.9 |
| November | 446.0 | -0.2 | -1.9 | 1.8 | 1.4 | 1.7 |
| December | 447.2 | 0.3 | 3.3 | 2.4 | 1.9 | 1.9 |
| 2018 | ||||||
| January | 446.8 | -0.1 | -1.1 | 0.1 | 1.8 | 2.4 |
| February | 449.5 | 0.6 | 7.5 | 3.2 | 2.5 | 2.3 |
| March | 452.0 | 0.6 | 6.9 | 4.4 | 3.4 | 2.8 |
| Percentage changes, not seasonally adjusted. | ||||||