The CPI compiled in September 2005 is 246.9 points (May 1988=100), 1.52% higher than in the previous month. The CPI less housing cost is 231.4 points, 1.71% higher than in August.
Summer sales have come to an end leading to a 13.0% rise in prices of clothing and footwear (effect on the CPI 0.60%). Groceries’ prices rose by 1.7% (0.28%). Prices of fuels rose by 4.9% (0.25%).
Owner occupied housing cost rose by 1.2% (0.19%), the effect of higher market prices of houses was 0.22% and of lower average real mortgage rates -0.03%.
The CPI in September 2005 is 4.8% higher than in September 2004 while the CPI less housing cost is 1.4% higher than one year ago. The CPI rose by 1.9% over the last three months equivalent to an annual inflation rate of 7.6% (CPI less housing cost: 5.7% inflation).
The credit term index in October 2005 is 246.9 points. The old credit term index is 4,875 points in October 2005.
| The Icelandic Consumer Price Index 2004-2005 | ||||||
| May 1988 = 100 | Annualized rates | |||||
| Monthly index | Monthly changes | Latest month | Latest 3 months | Latest 6 months | Latest 12 months | |
| 2004 | ||||||
| September | 235.6 | 0.4 | 5.2 | -0.2 | 4.3 | 3.4 |
| October | 237.4 | 0.8 | 9.6 | 4.9 | 4.7 | 3.7 |
| November | 237.9 | 0.2 | 2.6 | 5.7 | 3.4 | 3.8 |
| December | 239.0 | 0.5 | 5.7 | 5.9 | 2.8 | 3.9 |
| 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 |
| Percentage changes, not seasonally adjusted. | ||||||
| Consumer price index by economic categories 2005 | ||||
| Subindices March 1997=100 | Change in the last 12 months | |||
| August 2005 | Sept. 2005 | Effect on the index | ||
| % | ||||
| Consumer Price Index | 136.2 | 138.3 | 4.8% | 4.8% |
| Thereof: | ||||
| Domestic goods | 123.3 | 124.6 | -1.4% | -0.2% |
| Agricultural products | 117.8 | 120.2 | -0.5% | 0.0% |
| Domestic goods less agricultural products and vegetables | 127.0 | 127.4 | -2.0% | -0.2% |
| Imported goods | 110.9 | 114.4 | 0.3% | 0.1% |
| Imported goods less, alcohol and tobacco | 106.8 | 110.7 | 0.0% | 0.0% |
| Core index 1 (CPI less agric. prod., vegetables, | ||||
| fruits and petrol) | 137.5 | 139.2 | 4.8% | 4.2% |
| Core index 2 (core index 1 less public services) | 137.4 | 139.2 | 4.6% | 3.7% |
| Groceries (perishable items) | 115.7 | 117.7 | -3.5% | -0.6% |
Statistics