The CPI based on prices in August is 380.9 points (May 1988=100), 0.26% higher than in the previous month. The CPI less housing cost is 361.2 points, 0.36% higher than in July.
Summer sales are partly coming to an end causing an increase in prices of clothing and footwear by 5.5% (effect on the index 0.29%). Prices of food and non-alcoholic beverages rose by 0.8% (0.12%) and prices of oil and gasoline decreased by 1.7% (-0,10).
The CPI is 5.0% higher in August 2011 than in August 2010 and the CPI less housing cost is 4.7% higher than one year ago. Over the last three months, the CPI has increased by 0.9%, equivalent to an annual inflation rate of 3.5% (2.7% inflation for the CPI less housing cost).
The CPI compiled in the middle of August 2011, 380.9 points, is applicable for indexation purposes in October 2011. The old credit terms index for October 2011 is 7,521 points.
| Consumer price index by economic categories 2011 | ||||
| Subindices March 1997=100 | Change in the last 12 months | |||
| Effect on the index | ||||
| July | August | % | ||
| Consumer Price Index | 212.8 | 213.4 | 5.0 | 5.0 |
| Thereof: | ||||
| Domestic goods and vegetables | 189.7 | 191.5 | 6.8 | 0.9 |
| Agricultural products | 175.0 | 178.4 | 9.7 | 0.6 |
| Domestic goods less agricultural products | 201.0 | 201.4 | 4.5 | 0.3 |
| Imported goods | 190.8 | 191.3 | 4.0 | 1.5 |
| Imported goods less, alcohol and tobacco | 184.0 | 184.5 | 4.0 | 1.4 |
| Groceries (perishable items) | 190.1 | 191.3 | 4.4 | 0.8 |
| The Icelandic consumer price index 2010-2011 | ||||||
| May 1988 = 100 | Annualized rates | |||||
| Monthly index | Monthly changes | Latest month | Latest 3 months | Latest 6 months | Latest 12 months | |
| 2010 | ||||||
| August | 362.6 | 0.2 | 3.0 | -2.9 | 0.9 | 4.5 |
| September | 362.6 | 0.0 | 0.0 | -1.6 | -0.2 | 3.7 |
| October | 365.3 | 0.7 | 9.3 | 4.0 | 0.8 | 3.3 |
| November | 365.5 | 0.1 | 0.7 | 3.2 | 0.1 | 2.6 |
| December | 366.7 | 0.3 | 4.0 | 4.6 | 1.4 | 2.5 |
| 2011 | ||||||
| January | 363.4 | -0.9 | -10.3 | -2.1 | 0.9 | 1.8 |
| February | 367.7 | 1.2 | 15.2 | 2.4 | 2.8 | 1.9 |
| March | 371.2 | 1.0 | 12.0 | 5.0 | 4.8 | 2.3 |
| April | 374.1 | 0.8 | 9.8 | 12.3 | 4.9 | 2.8 |
| May | 377.6 | 0.9 | 11.8 | 11.2 | 6.7 | 3.4 |
| June | 379.5 | 0.5 | 6.2 | 9.2 | 7.1 | 4.2 |
| July | 379.9 | 0.1 | 1.3 | 6.3 | 9.3 | 5.0 |
| August | 380.9 | 0.3 | 3.2 | 3.5 | 7.3 | 5.0 |
| Percentage changes, not seasonally adjusted. | ||||||
Statistics