The Consumer Price Index based on prices in November 2014 is 421.0 points (May 1988=100), 0.52% lower than in October 2014. The CPI less housing cost is 393.4 points, 0.61% lower than in October.
International airfares declined by 17.3% (effect on the index -0.25%) and prices of petrol and diesel oil decreased by 2.6% (-0.10%).
The CPI is 1.0% higher in November 2014 than in November 2013 and the CPI less housing cost is 0.3% lower than one year ago. Over the last three months, the CPI has decreased by 0.5%, equivalent to an annual deflation rate of 2.0% (4.0% deflation for the CPI less housing cost).
The CPI compiled in the middle of November 2014, 421.0 points, is applicable for indexation purposes in January 2015. The old credit terms index for January 2015 is 8,313 points.
| Consumer price index by economic categories 2014 | ||||
| Subindices March 1997=100 | Change in the last 12 months | |||
| Effect on the index | ||||
| October | November | % | ||
| Consumer Price Index | 237.1 | 235.9 | 1.0 | 1.0 |
| Thereof: | ||||
| Domestic goods and vegetables | 211.7 | 211.1 | -0.7 | -0.1 |
| Agricultural products | 197.7 | 195.9 | -2.2 | -0.1 |
| Domestic goods less agricultural products | 222.3 | 223.0 | 0.8 | 0.1 |
| Imported goods | 199.2 | 198.1 | -2.3 | -0.8 |
| Imported goods less, alcohol and tobacco | 190.1 | 188.9 | -2.8 | -0.9 |
| Groceries (perishable items) | 208.6 | 207.9 | -1.1 | -0.2 |
| The Icelandic consumer price index 2013-2014 | ||||||
| May 1988 = 100 | Annualized rates | |||||
| Monthly index | Monthly changes | Latest month | Latest 3 months | Latest 6 months | Latest 12 months | |
| 2013 | ||||||
| November | 416.7 | 0.4 | 4.4 | 2.8 | 2.6 | 3.7 |
| December | 418.9 | 0.5 | 6.5 | 3.6 | 2.6 | 4.2 |
| 2014 | ||||||
| January | 415.9 | -0.7 | -8.3 | 0.7 | 1.7 | 3.1 |
| February | 418.7 | 0.7 | 8.4 | 1.9 | 2.4 | 2.1 |
| March | 419.7 | 0.2 | 2.9 | 0.8 | 2.2 | 2.2 |
| April | 421.0 | 0.3 | 3.8 | 5.0 | 2.8 | 2.3 |
| May | 421.3 | 0.1 | 0.9 | 2.5 | 2.2 | 2.4 |
| June | 422.8 | 0.4 | 4.4 | 3.0 | 1.9 | 2.2 |
| July | 422.1 | -0.2 | -2.0 | 1.0 | 3.0 | 2.4 |
| August | 423.1 | 0.2 | 2.9 | 1.7 | 2.1 | 2.2 |
| 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 |
| Percentage changes, not seasonally adjusted. | ||||||
Statistics