The Consumer Price Index based on prices in February 2014 is 418.7 points (May 1988=100), 0.67% higher than in January 2014. The CPI less housing cost is 394.9 points, 0.87% higher than in January.
Winter sales are coming to a close causing an increase in prices of clothing and footwear by 7.1% (effect on the index 0.33%), International airfares rose by 11.0% (0.14%) but prices of groceries declined by 0.6% (-0.11%).
The CPI is 2.1% higher in February 2014 than in February 2013 and the CPI less housing cost is 0.8% higher than one year ago. Over the last three months, the CPI has increased by 0.5%, equivalent to an annual inflation rate of 1.9% (0.4% inflation for the CPI less housing cost).
The CPI compiled in the middle of February 2014, 418.7 points, is applicable for indexation purposes in April 2014. The old credit terms index for April 2014 is 8,267 points.
| Consumer price index by economic categories 2014 | ||||
| Subindices March 1997=100 | Change in the last 12 months | |||
| Effect on the index | ||||
| January | February | % | ||
| Consumer Price Index | 233.0 | 234.6 | 2.1 | 2.1 |
| Thereof: | ||||
| Domestic goods and vegetables | 213.9 | 212.5 | 2.7 | 0.4 |
| Agricultural products | 203.2 | 200.4 | 4.4 | 0.3 |
| Domestic goods less agricultural products | 221.0 | 221.0 | 1.1 | 0.1 |
| Imported goods | 198.2 | 201.5 | -2.1 | -0.8 |
| Imported goods less, alcohol and tobacco | 189.2 | 192.5 | -2.6 | -0.8 |
| Groceries (perishable items) | 211.6 | 210.3 | 1.6 | 0.3 |
| 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 | ||||||
| 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 |
| 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 |
| Percentage changes, not seasonally adjusted. | ||||||
Statistics