The Consumer Price Index based on prices in April 2013 is 411.5 points (May 1988=100), 0.19% higher than in the previous month. The CPI less housing cost is 392.0 points, 0.13% lower than in March.
Cost of owner occupied housing increased by 1.8% (effect on the index 0.23%). Prices of petrol and diesel oil decreased by 4.0% (-0.23%) and prices of new cars decreased by 2.2% (-0.12%).
The CPI is 3.3% higher in April 2013 than in April 2012 and the CPI less housing cost is 3.5% higher than one year ago. Over the last three months, the CPI has increased by 2.0%, equivalent to an annual inflation rate of 8.4% (8.5% inflation for the CPI less housing cost).
The CPI compiled in the middle of April 2013, 411.5 points, is applicable for indexation purposes in June 2013. The old credit terms index for June 2013 is 8,125 points.
The consumer price index is now published on a new base, March 2013. The rebasing of the index is primarily built on Statistics Iceland’s household expenditure survey 2009–2011. In addition, Statistics Iceland has used other sources where more recent and reliable information is available, for example with data on new car registrations. Outlet weights used in the calculation of price changes of groceries in the CPI have been revised leading to an 0.01% increase of the index. The rebasing of the index does otherwise not have any price effects on the CPI between March and April. Expenditure shares according to the new and old base in March 2013 can be found here.
|Consumer price index by economic categories 2013|
|Subindices March 1997=100||Change in the last 12 months|
|Effect on the index|
|Consumer Price Index||230.1||230.5||3.3||3.3|
|Domestic goods and vegetables||208.6||209.5||5.5||0.7|
|Domestic goods less agricultural products||220.0||219.9||4.9||0.3|
|Imported goods less, alcohol and tobacco||197.1||195.0||0.0||0.0|
|Groceries (perishable items)||208.1||208.9||5.4||0.9|
|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.|