The Consumer Price Index based on prices in August 2013 is 413.8 points (May 1988=100), 0.34% higher than in the previous month. The CPI less housing cost is 392.6 points, 0.36% higher than in July.

Summer sales are winding down causing a 6.1% increase in prices of clothing and footwear (effect on the index 0.29%). International airfares declined by 11.9% (-0.19%).

The CPI is 4.3% higher in August 2013 than in August 2012 and the the CPI less housing cost is 4.2% higher than one year ago. Over the last three months, the CPI has increased by 0.6%, equivalent to an annual inflation rate of 2.5% (1.3% for the CPI less housing cost).

The CPI compiled in the middle of August 2013, 413.8 points, is applicable for indexation purposes in October 2013. The old credit terms index for October 2013 is 8,170 points.

Consumer price index by economic categories 2013
Subindices March 1997=100 Change in the last 12 months
Effect on the index
  Júlí August %
Consumer Price Index 231.1 231.9 4.3 4.3
Thereof:
Domestic goods and vegetables 210.6 211.5 5.0 0.7
Agricultural products 197.5 198.9 4.7 0.3
Domestic goods less agricultural products 220.0 220.4 5.2 0.4
Imported goods 200.2 201.9 2.5 0.9
Imported goods less, alcohol and tobacco 191.6 193.5 2.0 0.6
Groceries (perishable items) 209.1 209.8 5.0 0.9

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
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
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
Percentage changes, not seasonally adjusted.

Statistics