The Consumer Price Index (CPI) based on prices in July 2015 is 430.0 points (May 1988=100), 0.16% higher than in June 2015. The CPI less housing cost is 398.3 points, 0.03% higher than in June.

Summer sales are widely in action causing a decrease in prices of clothing and footwear by 11.6% (effect on the index -0.5 %). Prices of international airfares rose by 32.7% (0.45%) and cost of owner occupied housing rose by 0.8% (0.12%).

The CPI is 1.9% higher in July 2015 than in July 2014 while the CPI less housing cost is 0.4% higher than one year ago.

The CPI compiled in the middle of July 2015, 430.0 points, is applicable for indexation purposes in September 2015. The old credit terms index for September 2015 is 8,490 points.

Consumer price index by economic categories 2015
Subindices March 1997=100     Change in the last 12 months
     
        Effect on the index
  June July %
         
Consumer Price Index 240.5 240.9 1.9 1.9
Thereof:        
Domestic goods and vegetables 217.4 218.4 3.1 0.4
Agricultural products 204.7 205.3 3.2 0.2
Domestic goods less agricultural products 226.3 227.7 3.0 0.2
Imported goods 196.1 192.7 -2.9 -1.0
Imported goods less, alcohol and tobacco 186.8 183.3 -3.2 -1.0
Groceries (perishable items) 213.2 214.0 2.7 0.4
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            
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
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
Percentage changes, not seasonally adjusted.

Statistics