The Consumer Price Index based on prices in June 2014 is 422.8 points (May 1988=100), 0.36% higher than in May 2014. The CPI less housing cost is 397.6 points, 0.48% higher than in May.
International airfares rose by 12.2% (effect on the index (0.19%).

The CPI is 2.2% higher in June 2014 than in June 2013 and the CPI less housing cost is 1.0% higher than one year ago. Over the last three months, the CPI has increased by 0.7%, equivalent to an annual inflation rate of 3.0% (1.8% inflation for the CPI less housing cost).

The CPI compiled in the middle of June 2014, 422.8 points, is applicable for indexation purposes in August 2014. The old credit terms index for August 2014 is 8,348 points.


Consumer price index by economic categories 2014
Subindices March 1997=100 Change in the last 12 months
Effect on the index
  May June %
Consumer Price Index 236.1 236.9 2.2 2.2
Thereof:
Domestic goods and vegetables 211.7 211.5 0.8 0.1
Agricultural products 198.2 198.5 0.8 0.1
Domestic goods less agricultural products 221.8 221.0 0.7 0.0
Imported goods 202.1 202.0 -0.6 -0.2
Imported goods less, alcohol and tobacco 193.2 193.0 -1.0 -0.3
Groceries (perishable items) 209.0 208.6 -0.1 0.0

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
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
April 421.0 0.3 3.8 5.0 2.8 2.3
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
Percentage changes, not seasonally adjusted.

Statistics