The Consumer Price Index based on prices in December 2013 is 418.9 points (May 1988=100), 0.53% higher than in November. The CPI less housing cost is 395.8 points, 0.33% higher than in November.

Cost of owner occupied housing increased by 1.6% between months (effect on the index 0.22%) and prices of transport increased by 1.1% (0.18%).

The CPI is 4.2% higher in December 2013 than in December 2012 and the CPI less housing cost is 3.3% higher than one year ago. Over the last three months, the CPI has increased by 0.9%, equivalent to an annual inflation rate of 3.6% (1.6% for the CPI less housing cost).

The average of the CPI in the year 2013 was 412.7 points, 3.9% higher than the 2012 year average. This change is comparable to a 5.2% rise in 2012 and 4.0% in the year 2011. 

The CPI less housing cost was on average 392.3 points in the year 2012, 3.8% higher than in 2012. This change can be compared to a 5.3% rise in the year 2012 and 3.8% in the year 2011.

The CPI compiled in the middle of December 2013, 418.9 points, is applicable for indexation purposes in February 2014. The old credit terms index for February 2014 is 8,271 points.

Consumer price index by economic categories 2013
Subindices March 1997=100 Change in the last 12 months
Effect on the index
  November December %
Consumer Price Index 233.5 234.7 4.1 4.1
Thereof:
Domestic goods and vegetables 212.6 213.3 4.2 0.6
Agricultural products 200.4 201.6 5.6 0.4
Domestic goods less agricultural products 221.3 221.4 2.9 0.2
Imported goods 202.8 203.2 1.2 0.4
Imported goods less, alcohol and tobacco 194.4 194.8 0.6 0.2
Groceries (perishable items) 210.2 211.1 3.8 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
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
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
Percentage changes, not seasonally adjusted.

 

Statistiscs