Please note that this press release was corrected 27 August 2015 at 09:36

The Consumer Price Index (CPI) based on prices in August 2015 is 432.3 points (May 1988=100), 0.53% higher than in July 2015. The CPI less housing cost is 400.3 points, 0.50% higher than in July.

Summer sales have somewhat come to a close causing an increase in prices of clothing and footwear by 5.4% (effect on the index 0.21%). Prices of food and non-alcoholic beverages increased by 1.1% (0.16%) and the cost of housing, water and electricity rose by 0.5% (0.14%). Prices decreased for petrol and diesel oil by 4.0% (-0.15%).

The CPI is 2.2% higher in August 2015 than in August 2014 while the CPI less housing cost is 0.7% higher than one year ago.

The CPI compiled in the middle of August 2015, 432.3 points, is applicable for indexation purposes in October 2015. The old credit terms index for October 2015 is 8,536 points.

Consumer price index by economic categories 2015
Subindices March 1997=100     Change in the last 12 months
     
        Effect on the index
  July August %
         
Consumer Price Index 240.9 242.2 2.2 2.2
Thereof:        
Domestic goods and vegetables 218.4 221.2 4.3 0.6
Agricultural products 205.3 210.0 5.5 0.4
Domestic goods less agricultural products 227.7 228.5 3.2 0.2
Imported goods 192.7 193.1 -3.1 -1.1
Imported goods less, alcohol and tobacco 183.3 183.7 -3.5 -1.1
Groceries (perishable items) 214.0 216.1 3.5 0.6

 

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            
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
June 429.3 0.3 3.1 2.7 3.3 1.5
July 430.0 0.2 2.0 2.8 5.2 1.9
August 432.3 0.5 6.6 3.9 4.9 2.2
Percentage changes, not seasonally adjusted.

 

Statistics