The Consumer Price Index (CPI) based on prices in October 2021, is 511.2 points (May 1988=100), 0.59% higher than in the previous month. The CPI less housing cost is 431.8 points, 0.47% higher than in September 2021.
Cost of owner occupied housing (imputed rent) rose by 1.4% (effect on the index 0.23%). Prices of petrol and diesel oil increased by 4.2% (0.13%).
The CPI is 4.5% higher in October 2021 than in October 2020 and the CPI less housing cost is 3.0% higher than one year ago.
The CPI compiled in the middle of October 2021, 511.2 points, is applicable for indexation purposes in December 2021. The old credit terms index for December 2021 is 10,094 points.
| The Icelandic consumer price index 2020-2021 | |||
| May 1988 = 100 | Monthly index | Monthly changes, % | Annual changes, % |
| 2020 | |||
| October | 489.1 | 0.43 | 3.6 |
| November | 489.3 | 0.04 | 3.5 |
| December | 490.3 | 0.20 | 3.6 |
| 2021 | |||
| January | 490.0 | -0.06 | 4.3 |
| February | 493.4 | 0.69 | 4.1 |
| March | 495.8 | 0.49 | 4.3 |
| April | 499.3 | 0.71 | 4.6 |
| May | 501.4 | 0.42 | 4.4 |
| June | 502.7 | 0.26 | 4.3 |
| July | 503.5 | 0.16 | 4.3 |
| August | 505.8 | 0.46 | 4.3 |
| September | 508.2 | 0.47 | 4.4 |
| October | 511.2 | 0.59 | 4.5 |