The CPI compiled in January 2006 is 249.7 points (May 1988=100), 0.32% higher than in the previous month. The CPI less housing cost is 231.5 points, 0.22% lower than in December.
Winter sales have started causing a price cut of clothing and footwear by 10.3% (effect on the CPI -0.55%). Fees for childrens daycare services went down by 9.3% (0.10%)
Owner occupied housing cost rose by 2.1% (0.33%), the effect of higher market prices of houses was 0.31%, of higher real interest rates 0.02 and of higher rates for land rent 0.03%. Charges of dwelling related services rose by 9.4% (0.11) and prices for petrol and diesel oil rose by 2.2% (0.11%).
The CPI in January 2006 is 4.4% higher than in January 2005 while the CPI less housing cost is 1.0% higher than one year ago. The CPI rose by 0.5% over the last three months equivalent to an annual inflation rate of 2.1% (CPI less housing cost: 1.7% deflation).
The average of the CPI in year 2005 was 244.1 points, 4.0% higher than the 2003 year’s average. Similar rise was 3.2% in year 2004 and 2.1% in year 2003.
The CPI less housing cost 2005 was on average 229.6 points, 0.9% higher than the average in year 2004. Similar rise was 2.1% in year 2004 and 0.7% in year 2003.
The credit terms index in February 2006 is 249.7 points. The old credit terms index is 4.930 points in February 2006.
| The Icelandic Consumer Price Index 2005-2006 | ||||||
| May 1988 = 100 | Annualized rates | |||||
| Monthly index | Monthly changes | Latest month | Latest 3 months | Latest 6 months | Latest 12 months | |
| 2005 | ||||||
| January | 239,2 | 0,1 | 1,0 | 3,1 | 4,0 | 4,0 |
| February | 239,7 | 0,2 | 2,5 | 3,1 | 4,4 | 4,5 |
| March | 241,5 | 0,8 | 9,4 | 4,3 | 5,1 | 4,7 |
| April | 242,0 | 0,2 | 2,5 | 4,8 | 3,9 | 4,3 |
| May | 240,7 | -0,5 | -6,3 | 1,7 | 2,4 | 2,9 |
| June | 242,4 | 0,7 | 8,8 | 1,5 | 2,9 | 2,8 |
| July | 242,7 | 0,1 | 1,5 | 1,2 | 2,9 | 3,5 |
| August | 243,2 | 0,2 | 2,5 | 4,2 | 2,9 | 3,7 |
| September | 246,9 | 1,5 | 19,9 | 7,6 | 4,5 | 4,8 |
| October | 248,4 | 0,6 | 7,5 | 9,7 | 5,4 | 4,6 |
| November | 248,0 | -0,2 | -1,9 | 8,1 | 6,2 | 4,2 |
| December | 248,9 | 0,4 | 4,4 | 3,3 | 5,4 | 4,1 |
| 2006 | ||||||
| January | 249,7 | 0,3 | 3,9 | 2,1 | 5,9 | 4,4 |
| Percentage changes, not seasonally adjusted. | ||||||
| Consumer price index by economic categories 2005–2006 | ||||
| Subindices March 1997=100 | Change in the last 12 months | |||
| Des. 2005 | Jan. 2006 | Effect on the index | ||
| % | ||||
| Consumer Price Index | 139,4 | 139,9 | 4,4% | 4,4% |
| Thereof: | ||||
| Domestic goods | 126,4 | 128,6 | 0,3% | 0,0% |
| Agricultural products | 122,0 | 125,2 | 1,2% | 0,1% |
| Domestic goods less agricultural products and vegetables | 129,2 | 130,7 | -0,3% | 0,0% |
| Imported goods | 113,3 | 112,0 | -0,7% | -0,2% |
| Imported goods less, alcohol and tobacco | 109,4 | 107,9 | -0,9% | -0,2% |
| Core index 1 (CPI less agric. prod., vegetables, | ||||
| fruits and petrol) | 141,1 | 141,0 | 4,3% | 3,8% |
| Core index 2 (core index 1 less public services) | 141,1 | 141,1 | 4,5% | 3,6% |
| Groceries (perishable items) | 119,7 | 122,1 | -1,5% | -0,3% |