The Consumer Price Index (CPI) based on prices in November 2015 is 429.4 points (May 1988=100), 0.35% lower than in October 2015. The CPI less housing cost is 394.7 points, 0.58% lower than in October.

International airfares decreased by 13.7% (effect on the index -0.17%) and prices of food and non-alcoholic beverages decreased by 0.7% (-0.10%). The cost of owner occupied housing rose by 0.8% (0.12%).

The CPI is 2.0% higher in November 2015 than in November 2014 while the CPI less housing cost is 0.3% higher than one year ago.

The CPI compiled in the middle of November 2015, 429.4 points, is applicable for indexation purposes in January 2016. The old credit terms index for January 2016 is 8,479 points.

Consumer price index by economic categories 2015
Subindices March 1997=100     Change in the last 12 months
     
        Effect on the index
  October November %
         
Consumer Price Index 241.4 240.6 2.0 2.0
Thereof:        
Domestic goods and vegetables 221.8 220.8 4.6 0.6
Agricultural products 210.3 208.4 6.4 0.4
Domestic goods less agricultural products 229.5 229.4 2.8 0.2
Imported goods 192.7 191.6 -3.2 -1.1
Imported goods less, alcohol and tobacco 183.3 182.2 -3.5 -1.1
Groceries (perishable items) 216.2 214.8 3.4 0.6
The Icelandic consumer price index 2014-2015
May 1988 = 100   Annualized rates
  Monthly index Monthly changes Latest month Latest 3 months Latest 6 months Latest 12 months
 
2014            
November 421.0 -0.5 -6.1 -2.0 -0.1 1.0
December 422.3 0.3 3.8 -0.3 -0.2 0.8
2015            
January 419.3 -0.7 -8.2 -3.6 -1.3 0.8
February 422.1 0.7 8.3 1.0 -0.5 0.8
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
Percentage changes, not seasonally adjusted.        

Statistics