The Consumer Price Index (CPI) based on prices in September 2015 is 430.6 points (May 1988=100), 0.39% lower than in August 2015. The CPI less housing cost is 397.8 points, 0.62% lower than in August.

International airfares decreased by 24.6% (effect on the index -0.43%). Summer sales have mostly come to an end causing an increase in prices of clothing and footwear by 4.4% (0.19%) while prices for petrol and diesel oil decreased by 5.3% (-0.19%).

The CPI is 1.9% higher in September 2015 than in September 2014 while the CPI less housing cost is 0.5% higher than one year ago.

The CPI compiled in the middle of September 2015, 430.6 points, is applicable for indexation purposes in November 2015. The old credit terms index for November 2015 is 8,502 points.

Consumer price index by economic categories 2015
Subindices March 1997=100     Change in the last 12 months
     
        Effect on the index
  August September %
         
Consumer Price Index 242.2 241.3 1.9 1.9
Thereof:        
Domestic goods and vegetables 221.2 221.9 4.6 0.6
Agricultural products 210.0 210.7 5.9 0.4
Domestic goods less agricultural products 228.5 229.1 3.3 0.2
Imported goods 193.1 193.2 -3.4 -1.1
Imported goods less, alcohol and tobacco 183.7 183.8 -3.7 -1.1
Groceries (perishable items) 216.1 216.9 3.9

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            
September 422.6 -0.1 -1.4 -0.2 1.4 1.8
October 423.2 0.1 1.7 1.0 1.0 1.9
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
Percentage changes, not seasonally adjusted.        

 

Statistics