The Consumer Price Index (CPI) based on prices in September 2015 is 430.6 points (May 1988=100), 0.39% lower than in August 2015. The CPI less housing cost is 397.8 points, 0.62% lower than in August.
International airfares decreased by 24.6% (effect on the index -0.43%). Summer sales have mostly come to an end causing an increase in prices of clothing and footwear by 4.4% (0.19%) while prices for petrol and diesel oil decreased by 5.3% (-0.19%).
The CPI is 1.9% higher in September 2015 than in September 2014 while the CPI less housing cost is 0.5% higher than one year ago.
The CPI compiled in the middle of September 2015, 430.6 points, is applicable for indexation purposes in November 2015. The old credit terms index for November 2015 is 8,502 points.
| Consumer price index by economic categories 2015 | ||||
| Subindices March 1997=100 | Change in the last 12 months | |||
| Effect on the index | ||||
| August | September | % | ||
| Consumer Price Index | 242.2 | 241.3 | 1.9 | 1.9 |
| Thereof: | ||||
| Domestic goods and vegetables | 221.2 | 221.9 | 4.6 | 0.6 |
| Agricultural products | 210.0 | 210.7 | 5.9 | 0.4 |
| Domestic goods less agricultural products | 228.5 | 229.1 | 3.3 | 0.2 |
| Imported goods | 193.1 | 193.2 | -3.4 | -1.1 |
| Imported goods less, alcohol and tobacco | 183.7 | 183.8 | -3.7 | -1.1 |
| Groceries (perishable items) | 216.1 | 216.9 | 3.9 |
0.6 |
| The Icelandic consumer price index 2014-2015 | ||||||
| May 1988 = 100 | Annualized rates | |||||
| Monthly index | Monthly changes | Latest month | Latest 3 months | Latest 6 months | Latest 12 months | |
| 2014 | ||||||
| September | 422.6 | -0.1 | -1.4 | -0.2 | 1.4 | 1.8 |
| October | 423.2 | 0.1 | 1.7 | 1.0 | 1.0 | 1.9 |
| November | 421.0 | -0.5 | -6.1 | -2.0 | -0.1 | 1.0 |
| December | 422.3 | 0.3 | 3.8 | -0.3 | -0.2 | 0.8 |
| 2015 | ||||||
| January | 419.3 | -0.7 | -8.2 | -3.6 | -1.3 | 0.8 |
| February | 422.1 | 0.7 | 8.3 | 1.0 | -0.5 | 0.8 |
| March | 426.4 | 1.0 | 12.9 | 3.9 | 1.8 | 1.6 |
| April | 427.0 | 0.1 | 1.7 | 7.6 | 1.8 | 1.4 |
| May | 428.2 | 0.3 | 3.4 | 5.9 | 3.4 | 1.6 |
| June | 429.3 | 0.3 | 3.1 | 2.7 | 3.3 | 1.5 |
| July | 430.0 | 0.2 | 2.0 | 2.8 | 5.2 | 1.9 |
| August | 432.3 | 0.5 | 6.6 | 3.9 | 4.9 | 2.2 |
| September | 430.6 | -0.4 | -4.6 | 1.2 | 2.0 | 1.9 |
| Percentage changes, not seasonally adjusted. | ||||||