The Consumer Price Index based on prices in March is 410.7 points (May 1988=100), 0.20% higher than in the previous month. The CPI less housing cost is 392.5 points, 0.15% higher than in February.

Prices of petrol and diesel oil decreased by 3.7% (effect on the index -0.22%). Winter sales have come to an end and prices of clothing and footwear rose by 2.6% (0.13%).

The CPI is 3.9% higher in March 2013 than in March 2012 and the CPI less housing cost is 4.4% higher than one year ago. Over the last three months, the CPI has increased by 2.1%, equivalent to an annual inflation rate of 8.7% (10.0% inflation for the CPI less housing cost).

The CPI compiled in the middle of March 2013, 410.7 points, is applicable for indexation purposes in May 2013. The old credit terms index for May 2013 is 8,109 points.

Consumer price index by economic categories 2013
Subindices March 1997=100 Change in the last 12 months
Effect on the index
  February March %
Consumer Price Index 229.7 230.1 3.9 3.9
Thereof:
Domestic goods and vegetables 207.0 208.6 5.9 0.8
Agricultural products 192.1 193.8 5.7 0.4
Domestic goods less agricultural products 218.5 220.0 6.0 0.4
Imported goods 205.8 205.4 3.0 1.1
Imported goods less, alcohol and tobacco 197.7 197.1 2.5 0.9
Groceries (perishable items) 207.0 208.1 6.1 1.0

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
March 395.1 1.0 13.3 9.8 6.3 6.4
April 398.2 0.8 9.8 12.0 7.2 6.4
May 398.1 0.0 -0.3 7.5 7.1 5.4
June 400.1 0.5 6.2 5.2 7.4 5.4
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
Percentage changes, not seasonally adjusted.

 

Statistics