The Consumer Price Index (CPI) based on prices in October 2018 is 459.4 points (May 1988=100), 0.57% higher than in the previous month. The CPI less housing cost is 392.8 points, 0.59% higher than in September 2018.

Prices of new cars rose by 2.6% (effect on the index 0.21%). Cost of owner occupied housing (imputed rent) rose by 0.6% (0.12%). Prices of food and non-alcoholic beverages rose by 0.9% (0.10%). Collection of road toll fees has been discontinued (-0.13%).

The CPI is 2.8% higher in October 2018 than in October 2017 while the CPI less housing cost is 1.7% higher than one year ago.

The CPI compiled in the middle of October 2018, 459.4 points, is applicable for indexation purposes in December 2018. The old credit terms index for December is 9,071 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            
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
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
Percentage changes, not seasonally adjusted.        

Statistics