The Consumer Price Index (CPI) based on prices in November 2020, is 489.3 points (May 1988=100), 0.04% higher than in the previous month. The CPI less housing cost is 419.7 points, 0.10% higher than in October 2020.
Furnishing, household equipment etc. increased by 1.1% (effect on the index 0.06%).
The CPI is 3.5% higher in November 2020 than in November 2019 and the CPI less housing cost is 4.2% higher than one year ago.
The CPI compiled in the middle of November 2020, 489.3 points, is applicable for indexation purposes in January 2021. The old credit terms index for January 2021 is 9,661 points.
| The Icelandic consumer price index 2019-2020 | |||
| May 1988 = 100 | Monthly index | Monthly changes, % | Annual changes, % |
| 2019 | |||
| November | 472.8 | 0.13 | 2.7 |
| December | 473.3 | 0.11 | 2.0 |
| 2020 | |||
| January | 469.8 | -0.74 | 1.7 |
| February | 474.1 | 0.92 | 2.4 |
| March | 475.2 | 0.23 | 2.1 |
| April | 477.5 | 0.48 | 2.2 |
| May | 480.1 | 0.54 | 2.6 |
| June | 482.2 | 0.44 | 2.6 |
| July | 482.9 | 0.15 | 3.0 |
| August | 485.1 | 0.46 | 3.2 |
| September | 487.0 | 0.39 | 3.5 |
| October | 489.1 | 0.43 | 3.6 |
| November | 489.3 | 0.04 | 3.5 |