The HICP average for member countries of the European Economic Area (EU-countries, Iceland and Norway) was 119.0 points (1996=100) in December, 0.3% higher than in November. At the same time, the HICP for Iceland was 131.3 points, 0.2% higher than in the previous month.
The 12-month rate of change of the HICP was 2.1% for the EEA, 2.2% for the Euro-zone while it was 1.0% for Iceland.
The highest inflation rates in the EEA in this twelve month period were 7.1% in Latvia, 3.9% in the Slovak Republic and 3.7% in Spain. The lowest inflation rates were 0.8% in Poland, 1.0% in Iceland and 1.1% in Finland.
The average index for the EEA in year 2005 was 117.8 points, 2.2% higher than the average in 2004. Similar changes were 2.0% in year 2004 and 2003 respectively.
For Iceland the average index in year 2005 was 129.9 points, 1.4% higher than the previous year. Similar changes were 2.3% in year 2004 and 1.4% in year 2003.
HICP for the EEA area, national CPI for USA, Japan and Switzerland.
1) Rate of inflation for the main trading partners of Iceland. Weighted by the countries share in Iceland's foreign trade.
2) Preliminary figures.
3) October 2004 - October 2005.
Statistics