The HICP average for member countries of the European Economic Area (EU-countries, Iceland and Norway) was 102.4 points (2005=100) in July, 0.1% lower than in June. At the same time, the HICP for Iceland was 105.7 points, 0.4% higher than in the previous month.

The 12-month rate of change of the HICP was 2.4% for the EEA and the Euro-zone and 6.3% for Iceland.

The highest inflation rates in the EEA in this twelve month period were 6.9% in Latvia and 6.3% in Iceland. The lowest inflation rates were 1.4% in Poland and Finland.

HICP for the EEA area, national CPI for USA, Japan and Switzerland.

1) Rate of inflation for the main trading partners of Iceland. weighted by the countries share in Iceland´s foreign trade.
2) Preliminary figures
3) June 2005 - June 2006

Statistics