Statistics Iceland
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Íslenska
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CPI subindices, base 2008=100

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12/19/2024
Indices
2008-
VIS01304
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Mandatory
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Mandatory
Field for searching for a specific value in the list box. This is examples of values you can search for.Consumer Price Index , 01 Food and non-alcoholic beverages , 011 Food ,

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Base January 2008=100.
The index is based on prices collected for at least one week period in the middle of the reference month. All calculations are based on numbers with full decimals. This can result in discrepancies in published data. In April 2020 were Ready-made meals bought in grocery stores moved to 0119 Food products n.e.c. in accordance with ecoicop and coicop 2018. The group was before included in 11113 Fast food and ready meals. In March 2020 weight of the moved part was 36 of 10,000.
Public protection measures stemming from COVID-19 affected the CPI where products or services were not available in 2020 and into 2021. Price measurements of the previous month were carried forward in such cases. Most impact was on tourist based categories e.g. 07332 International flights, 096 Package holidays and services that require close proximity e.g. 211 Hairdressing salons etc. Instead of price updating '044 Other services relating to the dwelling' in January 2024, it was done in February when the first payment, according to new tariffs, usually takes place. This category includes refuse collection, sewerage services and water supply.

Month

2022M06

The price change in passenger transport by air (07332) in June 2022 was underestimated but corrected in the compilation a month later.

2022M07

The price change in passenger transport by air (07332) in July 2022 is due to a price increase in airfares that month (0.43% effect) in addition to undervalued price levels in the compilation in June 2022 (0.29% effect)

Subindex

042 Imputed rentals for housing

From June 2024 method of rental equivalence was implemented for the imputed rent of owner occupied housing.

06212 Services of medical specialists

From September 2023, this item is based on the 12-month average unit price paid by individuals.

Month: 2016M09 , Subindex: 042 Imputed rentals for housing

The rise in cost of owner occupied housing (imputed rent) is partially due to a correction. In March 2016 the cost of owner occupied housing rose by 0.01%. The price change between February and March was not included in the results until April 2016 due to a mistake. This created a one month time lag in cost of owner occupied housing. The mistake was detected in September and is 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: 2018M10 , Subindex: 07248 Road toll fees

Road toll fees were not charged in Iceland in October 2018-December 2018.

Month: 2020M05 , Subindex: 1244 Insurance connected with transport

Car insurance decreased in May 2020 due to a decision by some of the insurance companies to reimburse a part of the annual premium.

Month: 2023M10 , Subindex: 0811 Postal services

The increase is mainly due to correction

Month: 2024M01 , Subindex: 0711 Motor cars

The abolition of VAT concession for electric vehicles had effect to increase but electric car grants to decrease.