The Consumer Price Index based on prices in June 2013 is 413.5 points (May 1988=100), 0.53% higher than in the previous month. The CPI less housing cost is 393.6 points, 0.59% higher than in May.

International airfares rose by 11.4% (effect on the index 0.17%) and cost of owner occupied housing rose by 0.8% (0.11%). Prices of petrol and diesel oil increased by 1.8% (0.10%).

The CPI is 3.3% higher in June 2013 than in June 2012 and the CPI less housing cost is 3.4% higher than one year ago. Over the last three months, the CPI has increased by 0.7%, equivalent to an annual inflation rate of 2.8% (1.1% for the CPI less housing cost).

The CPI compiled in the middle of June 2013, 413.5 points, is applicable for indexation purposes in August 2013. The old credit terms index for August 2013 is 8,165 points.

Consumer price index by economic categories 2013
Subindices March 1997=100 Change in the last 12 months
Effect on the index
  May June %
Consumer Price Index 230.4 231.7 3.4 3.4
Thereof:
Domestic goods and vegetables 209.4 209.9 4.9 0.7
Agricultural products 196.4 196.9 6.6 0.4
Domestic goods less agricultural products 218.9 219.3 3.4 0.2
Imported goods 202.1 203.3 1.5 0.5
Imported goods less, alcohol and tobacco 193.6 194.9 0.9 0.3
Groceries (perishable items) 208.3 208.9 4.2 0.7

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
June 400.1 0.5 6.2 5.2 7.4 5.4
July 397.2 -0.7 -8.4 -1.0 5.3 4.6
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
Percentage changes, not seasonally adjusted.

Statistics