The consumer price index based on prices in July 2013 is 412.4 points (May 1988=100), 0.27% lower than in the previous month. The CPI less housing cost is 391.2 points, 0.61% lower than in June.
Summer sales are ongoing causing a 10.5% decrease in clothing and footwear prices (effect on the index -0.54%). Cost of owner occupied housing rose by 1.3% (0.17%). Prices of petrol and diesel oil increased by 2.0% (0.11%).
The CPI is 3.8% higher in July 2013 than in July 2012 and the same applies to the CPI less housing cost. Over the last three months, the CPI has increased by 0.2%, equivalent to an annual inflation rate of 0.9% (-0.8% for the CPI less housing cost).
|Consumer price index by economic categories 2013|
|Subindices March 1997=100||Change in the last 12 months|
|Effect on the index|
|Consumer Price Index||231.7||231.1||3.8||3.8|
|Domestic goods and vegetables||209.9||210.6||3.6||0.5|
|Domestic goods less agricultural products||219.3||220.0||4.0||0.3|
|Imported goods less, alcohol and tobacco||194.9||191.6||1.5||0.5|
|Groceries (perishable items)||208.9||209.1||3.4||0.6|
|The Icelandic consumer price index 2012-2013|
|May 1988 = 100||Annualized rates|
|Monthly index||Monthly changes||Latest month||Latest 3 months||Latest 6 months||Latest 12 months|
|Percentage changes, not seasonally adjusted.|
The CPI compiled in the middle of July 2013, 412.4 points, is applicable for indexation purposes in September 2013. The old credit terms index for August 2013 is 8,143 points in September 2013.