The Consumer Price Index (CPI) based on prices in May 2015 is 428.2 points (May 1988=100), 0.28% higher than in April 2015. The CPI less housing cost is 396.8 points, 0.30% higher than in April.
Prices of food and non-alcoholic beverages rose by 0.95% (effect on the index 0.14%).
The CPI is 1.6% higher in May 2015 than in May 2014 while the CPI less housing cost is 0.3% higher than one year ago.
The CPI compiled in the middle of May 2015, 428.2 points, is applicable for indexation purposes in July 2015. The old credit terms index for July 2015 is 8,455 points.
| Consumer price index by economic categories 2015 | ||||
| Subindices March 1997=100 | Change in the last 12 months | |||
| Effect on the index | ||||
| April | May | % | ||
| Consumer Price Index | 239.3 | 239.9 | 1.6 | 1.6 |
| Thereof: | ||||
| Domestic goods and vegetables | 217.0 | 218.7 | 3.3 | 0.4 |
| Agricultural products | 203.8 | 207.0 | 4.5 | 0.3 |
| Domestic goods less agricultural products | 226.5 | 226.6 | 2.1 | 0.1 |
| Imported goods | 194.4 | 194.8 | -3.6 | -1.3 |
| Imported goods less, alcohol and tobacco | 185.1 | 185.5 | -4.0 | -1.2 |
| Groceries (perishable items) | 211.6 | 213.2 | 2.0 | 0.3 |
| 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 | ||||||
| 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 |
| 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 |
| Percentage changes, not seasonally adjusted. | ||||||