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
  June July %
Consumer Price Index 231.7 231.1 3.8 3.8
Thereof:
Domestic goods and vegetables 209.9 210.6 3.6 0.5
Agricultural products 196.9 197.5 3.2 0.2
Domestic goods less agricultural products 219.3 220.0 4.0 0.3
Imported goods 203.3 200.2 2.1 0.7
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
 
2012
July 397.2 -0.7 -8.4 -1.0 5.3 4.6
August 396.6 -0.2 -1.8 -1.5 2.9 4.1
September 399.6 0.8 9.5 -0.5 2.3 4.3
October 400.7 0.3 3.4 3.6 1.3 4.2
November 402.0 0.3 4.0 5.6 2.0 4.5
December 402.2 0.0 0.6 2.6 1.1 4.2
2013
January 403.3 0.3 3.3 2.6 3.1 4.2
February 409.9 1.6 21.5 8.1 6.8 4.8
March 410.7 0.2 2.4 8.7 5.6 3.9
April 411.5 0.2 2.4 8.4 5.5 3.3
May 411.3 0.0 -0.6 1.4 4.7 3.3
June 413.5 0.5 6.6 2.8 5.7 3.3
July 412.4 -0.3 -3.1 0.9 4.6 3.8
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.

Statistics