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.

Statistics