The CPI compiled in September 2007 is 276.7 points (May 1988=100), 1.32% higher than in the previous month. The CPI less housing cost is 247.8 points, 1.14% higher than in August.
Summer sales have widely come to an end causing 13.6% increase in prices of clothing and footwear (effect on the index 0.54%).
Cost of owner occupied housing rose by 2.5% (0.47%), an effect of 0.41% owing to higher market prices of housing and 0.06% owing to higher real interest rates.
The CPI in September 2007 is 4.2% higher than in September 2006 while the CPI less housing cost is 1.1% higher than one year ago. The constant tax-rate CPI is 6.0% higher in September 2007 than in September 2006. Over the last three months, the CPI has risen by 1.6%, equivalent to an annual inflation rate of 6.5% (2.6% for the CPI less housing cost).
The credit terms index applicable in October 2007 is 276.7 points. The old credit terms index is 5.463 points for October 2007.
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 | ||||||
September | 265.6 | 0.6 | 7.5 | 5.8 | 10.8 | 7.6 |
October | 266.2 | 0.2 | 2.7 | 4.8 | 8.8 | 7.2 |
November | 266.1 | 0.0 | -0.4 | 3.2 | 5.6 | 7.3 |
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 |
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 | ||||
August | September | % | ||
Consumer Price Index | 153.0 | 155.0 | 4.2% | 4.2% |
Thereof: | ||||
Domestic goods | 131.2 | 132.0 | -4.1% | -0.6% |
Agricultural products | 127.9 | 128.7 | -4.2% | -0.3% |
Domestic goods less agricultural products and vegetables | 133.1 | 133.9 | -4.1% | -0.3% |
Imported goods | 118.6 | 121.3 | 0.3% | 0.1% |
Imported goods less, alcohol and tobacco | 114.4 | 117.1 | 0.0% | 0.0% |
Core index 1 (CPI less agric. prod., vegetables, | ||||
fruits and petrol) | 155.1 | 157.1 | 5.2% | 4.6% |
Core index 2 (core index 1 less public services) | 155.9 | 158.0 | 5.3% | 4.3% |
Groceries (perishable items) | 124.8 | 125.5 | -4.9% | -0.8% |
Statistics