The Consumer Price Index (CPI) based on prices in September 2020 is 487.0 points (May 1988=100), 0.39% higher than in the previous month. The CPI less housing cost is 417.5 points, 0.53% higher than in August 2020.
Furnishing, household equipment etc. increased by 4.0% (effect on the index 0.22%) and cars by 2.3% (0.12%).
The CPI is 3.5% higher in September 2020 than in September 2019 and the CPI less housing cost is 3.9% higher than one year ago.
The CPI compiled in the middle of September 2020, 487.0 points, is applicable for indexation purposes in November 2020. The old credit terms index for November 2020 is 9,616 points.
| The Icelandic consumer price index 2019-2020 | |||
| May 1988 = 100 | Monthly index | Monthly changes, % | Annual changes, % |
| 2019 | |||
| September | 470.5 | 0.09 | 3.0 |
| October | 472.2 | 0.36 | 2.8 |
| November | 472.8 | 0.13 | 2.7 |
| December | 473.3 | 0.11 | 2.0 |
| 2020 | |||
| January | 469.8 | -0.74 | 1.7 |
| February | 474.1 | 0.92 | 2.4 |
| March | 475.2 | 0.23 | 2.1 |
| April | 477.5 | 0.48 | 2.2 |
| May | 480.1 | 0.54 | 2.6 |
| June | 482.2 | 0.44 | 2.6 |
| July | 482.9 | 0.15 | 3.0 |
| August | 485.1 | 0.46 | 3.2 |
| September | 487.0 | 0.39 | 3.5 |
Changes prepared to tables containing data on the CPI
Statistics Iceland will in early October update the layout of statistical web (PX) tables for the CPI. The update only affects the presentation and layout of the data, whereas the same statistical content will remain available. The aim of this change is to increase consistency in Statistics Iceland‘s layouts and facilitate the use of the data.
Users who already use Statistics Iceland‘s API service will need to update their connections. Connections providing the old version of data will remain active for a short while to ensure opportunity for updating.
Further information on the main layout changes will be published with the updated tables.