The Consumer Price Index (CPI) based on prices in June 2018 is 454.6 points (May 1988=100), 0.62% higher than in the previous month. The CPI less housing cost is 390.1 points, 0.46% higher than in May 2018.

Cost of owner occupied housing (imputed rent), rose by 1.1% (effect on the index 0.23%). International airfares rose by 15.2% (0.18%).

The CPI is 2.6% higher in June 2018 than in June 2017 while the CPI less housing cost is 1.1% higher than one year ago.

The CPI compiled in the middle of June 2018, 454.6 points, is applicable for indexation purposes in August 2018. The old credit terms index for August 2018 is 8,976 points.

The Icelandic consumer price index 2017-2018
May 1988 = 100   Annualized rates
  Monthly index Monthly changes Latest month Latest 3 months Latest 6 months Latest 12 months
 
2017            
June 443.0 0.0 0.0 2.8 1.8 1.5
July 442.9 0.0 -0.3 0.7 3.0 1.8
August 444.0 0.2 3.0 0.9 2.0 1.7
September 444.6 0.1 1.6 1.5 2.1 1.4
October 446.7 0.5 5.8 3.5 2.1 1.9
November 446.0 -0.2 -1.9 1.8 1.4 1.7
December 447.2 0.3 3.3 2.4 1.9 1.9
2018            
January 446.8 -0.1 -1.1 0.1 1.8 2.4
February 449.5 0.6 7.5 3.2 2.5 2.3
March 452.0 0.6 6.9 4.4 3.4 2.8
April 452.2 0.0 0.5 4.9 2.5 2.3
May 451.8 -0.1 -1.1 2.1 2.6 2.0
June 454.6 0.6 7.7 2.3 3.3 2.6
Percentage changes, not seasonally adjusted.        

Statistics