Price indices and housing prices
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Information

Unit
Indices
Latest update
9/9/2019
Reference time
1987-2019
Matrix
THJ00116
Footnotes

Footnotes

This table is no longer updated. Statistics on price indices can be found on Statistics Iceland's website for Prices: https://statice.is/statistics/economy/prices/. This webtable will be accessible until the end of January 2020.
Year
2010
A programming error caused a deviation in the Building Cost Index in 2010. A recalculated time series is available on the BCI webpage.
2011
A programming error caused a deviation in the Building Cost Index until April 2011 by month of application. A recalculated time series is available on the BCI webpage.
2016
2016 March - September: The price change between February and March, that should have been included in the index for March 2016 was not included in the results until April 2016 due to a mistake. This created a one month time lag. The mistake was detected in September and was corrected by including two months price changes in the results for September. The real price rise between August and September is 1.5% but 1.8% is the price change between July and August.
Month
April
Values for Harmonised index consumer prices were corrected 6 June 2017.
Indicator
Consumer price index
May 1988=100. Compiled at the beginning of each month. Yearly averages are converted by mid-month indices.
Consumer price index less housing cost
May 1988=100. Compiled at the beginning of each month. Yearly averages are converted by mid-month indices.
Harmonised index of consumer prices, Iceland
2015=100. The harmonized index of consumer prices (HICP) is compiled for all EEA-member states. It differs in scope from the Icelandic CPI. The main difference is that imputed rent for owner occupied housing is included in the Icelandic CPI but not in the HICP. On the other hand, expenditure of foreign visitors in Iceland and expenditure of people living in hospitals and similar institutions are included in the HICP but not in the Icelandic CPI. The reference period was changed in January 2016.
Harmonised index of consumer prices, EEA
Base 2015=100. The reference period was changed in January 2016. The newest value may be preliminary.
Building cost index
June 1987=100. The index is compiled at the middle of each month.
Market prices - Multi-flat houses, capital area, index
Indices, March 2000=100.
Market prices - Single-flat houses, capital area, index
Indices, March 2000=100.
Market prices - All house types, outside capital area
Indices, March 2000=100.
Market prices - Average, all types, all country, index
March 2000=100. The indices are sub items from the CPI based on housing sales
contracts collected by Registers Iceland.
PPI
4. quarter 2005 = 100.
PPI for marine products
4. quarter 2005 = 100.
Year: 2016 , Month: April , Indicator: Consumer price index
The value for the consumer price index was updated 9 September 2019
Year: 2016 , Month: April , Indicator: Consumer price index less housing cost
The value for the consumer price index less housing cost was updated 9 September 2019
Year: 2017 , Month: April , Indicator: Harmonised index of consumer prices, Iceland
The values for Harmonised index of Consumer Prices where corrected the 6 of june 2017
Year: 2017 , Month: Average , Indicator: Consumer price index
The value for the consumer price index was updated 9 September 2019
Year: 2017 , Month: Average , Indicator: Consumer price index less housing cost
The value for the consumer price index less housing cost was updated 9 September 2019
Year: 2018 , Month: Average , Indicator: Consumer price index less housing cost
The value for the consumer price index less housing cost was updated 9 September 2019