The Consumer Price Index based on prices in March 2014 is 419.7 points (May 1988=100), 0.24% higher than in February 2014. The CPI less housing cost is 395.8 points, 0.23% higher than in February.

Winter sales have come to an end and prices of clothing and footwear rose by 3.9% (effect on the index 0.19%). Prices of petrol and diesel oil decreased by 2.2% (-0.12%).

The CPI is 2.2% higher in March 2014 than in March 2013 and the CPI less housing cost is 0.8% higher than one year ago. Over the last three months, the CPI has increased by 0.2%, equivalent to an annual inflation rate of 0.8% (0.0% inflation for the CPI less housing cost).

The CPI compiled in the middle of March 2014, 419.7 points, is applicable for indexation purposes in May 2014. The old credit terms index for May 2014 is 8,287 points.

Consumer price index by economic categories 2014
Subindices March 1997=100 Change in the last 12 months
Effect on the index
  February March %
Consumer Price Index 234.6 235.2 2.2 2.2
Thereof:
Domestic goods and vegetables 212.5 212.5 1.8 0.2
Agricultural products 200.4 199.7 3.1 0.2
Domestic goods less agricultural products 221.0 221.6 0.7 0.1
Imported goods 201.5 201.9 -1.7 -0.6
Imported goods less, alcohol and tobacco 192.5 193.0 -2.1 -0.7
Groceries (perishable items) 210.3 210.0 0.9 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
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
August 413.8 0.3 4.2 2.5 1.9 4.3
September 415.2 0.3 4.1 1.7 2.2 3.9
October 415.2 0.0 0.0 2.7 1.8 3.6
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
Percentage changes, not seasonally adjusted.

Statistics