The Consumer Price Index based on prices in February is 409.9 points (May 1988=100), 1.64% higher than in the previous month. The CPI less housing cost is 391.9 points, 2.03% higher than in January.

Winter sales are coming to a close causing an increase in prices of clothing and footwear by 11.6% (effect on the index 0.55%). Prices of petrol and diesel oil rose by 5.3% (0.31%), prices of groceries increased by 0.9% (0.15%) and prices of new cars rose by 2.1% (0.12%).

The CPI is 4.8% higher in February 2013 than in February 2012 and the CPI less housing cost is 5.6% higher than one year ago. Over the last three months, the CPI has increased by 2.0%, equivalent to an annual inflation rate of 8.1% (9.1% inflation for the CPI less housing cost).

Consumer price index by economic categories 2013
Subindices March 1997=100 Change in the last 12 months
Effect on the index
  January February %
Consumer Price Index 226.0 229.7 4.8 4.8
Thereof:
Domestic goods and vegetables 206.1 207.0 5.8 0.8
Agricultural products 192.2 192.1 5.7 0.3
Domestic goods less agricultural products 216.6 218.5 6.0 0.4
Imported goods 198.4 205.8 5.0 1.8
Imported goods less, alcohol and tobacco 189.8 197.7 4.7 1.6
Groceries (perishable items) 205.2 207.0 5.8 1.0

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
February 391.0 1.0 12.8 6.8 5.4 6.3
March 395.1 1.0 13.3 9.8 6.3 6.4
April 398.2 0.8 9.8 12.0 7.2 6.4
May 398.1 0.0 -0.3 7.5 7.1 5.4
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

Statistics