Wage index for mortgage payment adjustment from 1979
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Information

Unit
Index
Latest update
9/22/2017
Reference time
1979-2017
Creation date
2/23/2017
Matrix
VIS04004
Footnotes

Footnotes

Base 1979=100. The index is calculated in accordance with Act 63/1985 with changes in Act 108/1989 and in Act 133/November 2008. From 1985 to January 1989 the index is based on estimated changes in income and average wage tariffs. From January 1989 to November 2008 the index follows the changes in the monthly wage index, calculated by Statistics Iceland according to Act 89/1989. From November 2008 the index follows the changes of the index for mortgage payment adjustment that is based on the monthly wage index weighted by level of employment calculated by the Directorate of Labour.