NEWS RELEASE PRICES 25 NOVEMBER 2016

The Consumer Price Index (CPI) based on prices in November 2016 is 438.4 points (May 1988=100) which is 0.02% lower than in the previous month. The CPI less housing cost is 393.4 points, 0.41% lower than in October.

The cost of owner occupied housing (imputed rent) rose by 1.4% (effect on the index 0.22%). Prices of food and non-alcoholic beverages decreased by 0.7% (-0.10%) and international airfares decreased by 9.3% (-0.10%).

The CPI is 2.1% higher in November 2016 than in November 2015 while the CPI less housing cost has decreased by 0.3% from one year ago.

The CPI compiled in the middle of November 2016, 438.4 points, is applicable for indexation purposes in January 2017. The old credit terms index for January 2017 is 8,656 points.

Consumer price index by economic categories 2016
Subindices March 1997=100     Change in the last 12 months
     
        Effect on the index
  October October %
         
Consumer Price Index 245.7 245.6 2.1 2.1
Thereof:        
Domestic goods and vegetables 224.6 223.6 1.2 0.2
Agricultural products 212.0 210.1 0.8 0.1
Domestic goods less agricultural products 233.5 233.3 1.7 0.1
Imported goods 187.0 186.1 -2.9 -1.0
Imported goods less, alcohol and tobacco 177.0 176.1 -3.4 -1.1
Groceries (perishable items) 215.4 213.5 -0.6 -0.1
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            
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
April 433.7 0.2 2.5 5.1 1.3 1.6
May 435.5 0.4 5.1 4.0 2.9 1.7
June 436.3 0.2 2.2 3.3 2.6 1.6
July 434.9 -0.3 -3.8 1.1 3.1 1.1
August 436.4 0.3 4.2 0.8 2.4 0.9
September 438.5 0.5 5.9 2.0 2.7 1.8
October 438.5 0.0 0.0 3.4 2.2 1.8
November 438.4 0.0 -0.3 1.8 1.3 2.1
Percentage changes, not seasonally adjusted.        

Statistics

Further Information

For further information please contact 528 1200 , email neysluverd@hagstofa.is

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