The CPI compiled in December 2007 is 281.8 points (May 1988=100), 0.68% higher than in the previous month. The CPI less housing cost is 251.4 points, also 0.68% higher than in November.
Cost of having own car rose by 1.5% (effect on the index 0.22%), mainly owing to higher prices of petrol and diesel oil (0.11%) and of higher car prices (0.09%). Prices of food and beverages rose by 1.5% (0.18%).
Cost of owner occupied housing rose by 0.9% (0.17%). Thereof 0.13% was due to higher real interest rates and 0.04% to higher market prices of housing.
The CPI in December 2007 is 5.9% higher than in December 2006 while the CPI less housing cost is 2.6% higher than one year ago. The constant tax-rate CPI is 7.7% higher in December 2007 than in December 2006 and the constant tax-rate CPI less housing cost is 5.0% higher. Over the last three months, the CPI has risen by 1.8%, equivalent to an annual inflation rate of 7.6% (5.9% for the CPI less housing cost).
The credit terms index applicable in January 2008 is 281.8 points. The old credit terms index is 5,564 points for January 2008.
The Icelandic Consumer Price Index 2006-2007 | ||||||
May 1988 = 100 | Annualized rates | |||||
Monthly index | Monthly changes | Latest month | Latest 3 months | Latest 6 months | Latest 12 months | |
2006 | ||||||
December | 266.2 | 0.0 | 0.5 | 0.9 | 3.3 | 7.0 |
2007 | ||||||
January | 266.9 | 0.3 | 3.2 | 1.1 | 2.9 | 6.9 |
February | 268.0 | 0.4 | 5.1 | 2.9 | 3.1 | 7.4 |
March | 267.1 | -0.3 | -4.0 | 1.4 | 1.1 | 5.9 |
April | 268.7 | 0.6 | 7.4 | 2.7 | 1.9 | 5.3 |
May | 271.0 | 0.9 | 10.8 | 4.6 | 3.7 | 4.7 |
June | 272.4 | 0.5 | 6.4 | 8.2 | 4.7 | 4.0 |
July | 273.0 | 0.2 | 2.7 | 6.6 | 4.6 | 3.8 |
August | 273.1 | 0.0 | 0.4 | 3.1 | 3.8 | 3.4 |
September | 276.7 | 1.3 | 17.0 | 6.5 | 7.3 | 4.2 |
October | 278.1 | 0.5 | 6.2 | 7.7 | 7.1 | 4.5 |
November | 279.9 | 0.6 | 8.0 | 10.3 | 6.7 | 5.2 |
December | 281.8 | 0.7 | 8.5 | 7.6 | 7.0 | 5.9 |
Percentage changes, not seasonally adjusted. |
Consumer price index by economic categories 2007 | ||||
Subindices March 1997=100 | Change in the last 12 months | |||
Effect on the index | ||||
November | December | % | ||
Consumer Price Index | 156.8 | 157.9 | 5.9% | 5.9% |
Thereof: | ||||
Domestic goods | 133.0 | 134.3 | -1.4% | -0.2% |
Agricultural products | 129.1 | 131.0 | 0.3% | 0.0% |
Domestic goods less agricultural products and vegetables | 135.3 | 136.3 | -2.6% | -0.2% |
Imported goods | 122.3 | 123.4 | 2.6% | 0.9% |
Imported goods less, alcohol and tobacco | 118.3 | 119.4 | 2.7% | 0.8% |
Core index 1 (CPI less agric. prod., vegetables, | ||||
fruits and petrol) | 158.8 | 159.7 | 5.8% | 5.1% |
Core index 2 (core index 1 less public services) | 159.9 | 160.8 | 6.0% | 4.9% |
Groceries (perishable items) | 126.2 | 127.8 | -1.9% | -0.3% |
Statistics