The Consumer Price Index (CPI) based on prices in March 2019 is 465.3 points (May 1988=100), 0.52% higher than in the previous month. The CPI less housing cost is 397.5 points, 0.66% higher than in February 2019.
Winter sales have come to an end causing an increase in prices of clothing and footwear by 9.5% (effect on the index 0.31%).
The CPI is 2.9% higher in March 2019 than in March 2018 while the CPI less housing cost is 2.4% higher than one year ago.
The CPI compiled in the middle of March 2019, 465.3 points, is applicable for indexation purposes in May 2019. The old credit terms index for May 2019 is 9,187 points.
| The Icelandic consumer price index 2018-2019 | ||||||
| May 1988 = 100 | Annualized rates | |||||
| Monthly index | Monthly changes | Latest month | Latest 3 months | Latest 6 months | Latest 12 months | |
| 2018 | ||||||
| March | 452.0 | 0.6 | 6.9 | 4.4 | 3.4 | 2.8 |
| April | 452.2 | 0.0 | 0.5 | 4.9 | 2.5 | 2.3 |
| May | 451.8 | -0.1 | -1.1 | 2.1 | 2.6 | 2.0 |
| June | 454.6 | 0.6 | 7.7 | 2.3 | 3.3 | 2.6 |
| July | 454.8 | 0.0 | 0.5 | 2.3 | 3.6 | 2.7 |
| August | 455.7 | 0.2 | 2.4 | 3.5 | 2.8 | 2.6 |
| September | 456.8 | 0.2 | 2.9 | 1.9 | 2.1 | 2.7 |
| October | 459.4 | 0.6 | 7.0 | 4.1 | 3.2 | 2.8 |
| November | 460.5 | 0.2 | 2.9 | 4.3 | 3.9 | 3.3 |
| December | 463.9 | 0.7 | 9.2 | 6.4 | 4.1 | 3.7 |
| 2019 | ||||||
| January | 462.0 | -0.4 | -4.8 | 2.3 | 3.2 | 3.4 |
| February | 462.9 | 0.2 | 2.4 | 2.1 | 3.2 | 3.0 |
| March | 465.3 | 0.5 | 6.4 | 1.2 | 3.8 | 2.9 |
| Percentage changes, not seasonally adjusted. | ||||||