The Consumer Price Index based on prices in September 2013 is 415.2 points (May 1988=100), 0.34% higher than in the previous month. The CPI less housing cost is 394.2 points, 0.41% higher than in August.

Summer sales have now come to an end causing a 6.1% increase in prices of clothing and footwear (effect on the index 0.30%).

Beginning in September subsidies towards dental costs of children now include children aged 3 and 12-14 in accordance with regulation no. 451/2013. This change is accounted for in the CPI in September causing a 4.1% decrease in prices of dental services (effect on the index -0.05%).

The CPI is 3.9% higher in September 2013 than in September 2012 and the CPI less housing cost is 3.7% higher than one year ago. Over the last three months, the CPI has increased by 0.4%, equivalent to an annual inflation rate of 1.7% (0.6% for the CPI less housing cost).

The CPI compiled in the middle of September 2013, 415.2 points, is applicable for indexation purposes in November 2013. The old credit terms index for November 2013 is 8,198 points.

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
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
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
Percentage changes, not seasonally adjusted.

Consumer price index by economic categories 2013
Subindices March 1997=100 Change in the last 12 months
Effect on the index
  August September %
Consumer Price Index 231.9 232.6 3.9 3.9
Thereof:
Domestic goods and vegetables 211.5 211.0 4.7 0.6
Agricultural products 198.9 198.1 4.8 0.3
Domestic goods less agricultural products 220.4 220.3 4.6 0.3
Imported goods 201.9 203.5 1.9 0.7
Imported goods less, alcohol and tobacco 193.5 195.1 1.4 0.4
Groceries (perishable items) 209.8 209.5 4.8 0.8

Statistics