Beint í leiðarkerfi vefsins.
The Consumer Price Index (CPI) based on prices in July 2017 is 442.9 points (May 1988=100), 0.02% lower than previous month. The CPI less housing cost is 383.8 points, 0.57% lower than in June 2017.
Prices of clothing and footwear decreased by 11.0% (effect on the index -0.41%). Cost of owner occupied housing (imputed rent), rose by 1.7% (0.34%) and international airfares rose by 20.3% (0.25%).
The CPI is 1.8% higher in July 2017 than in July 2016 while the CPI less housing cost is 3.1% lower than one year ago.
Read more
Fitch Ratings announced today that it had upgraded Iceland‘s long-term foreign and local-currency Issuer Default Ratings (IDRs) to ‘A-’ from ‘BBB+’. The outlook is positive. The main rating drivers are reduced external vulnerability and improvements in government debt ratios, supported by robust growth.
Report
In accordance with its publication schedule, on June 30 2017, S&P Global Ratings affirmed its 'A/A-1' long- and short-term foreign and local currency sovereign credit ratings on the Republic of Iceland. The stable outlook balances the potential for improvements in Iceland‘s fiscal position against risks of the economy overheating during the next two years.
S&P report
The Consumer Price Index (CPI) based on prices in June 2017 is 443.0 points (May 1988=100), the same as it was in May 2017. The CPI less housing cost is 386.0 points, 0.41% lower than in May 2017.
The CPI is 1.5% higher in June 2017 than in June 2016 while the CPI less housing cost is 3.1% lower than one year ago.
The CPI compiled in the middle of June 2017, 443.0 points, is applicable for indexation purposes in August 2017. The old credit terms index for August 2017 is 8,747 points.
The Monetary Policy Committee (MPC) of the Central Bank of Iceland has decided to lower the Bank’s interest rates by 0.25 percentage points. The Bank’s key interest rate – the rate on seven-day term deposits – will therefore be 4.5%.
read more
The Consumer Price Index (CPI) based on prices in May 2017 is 443.0 points (May 1988=100), 0.20% higher than in April 2017. The CPI less housing cost is 387.6 points, 0.41% lower than in April 2017.
Cost of owner occupied housing (imputed rent), rose by 2.5% (effect on the index 0.48%) and international airfares declined by 8.6% (-0.10%).
The CPI is 1.7% higher in May 2017 than in May 2016 while the CPI less housing cost is 2.6% lower than one year ago.
The CPI compiled in the middle of May 2017, 443.0 points, is applicable for indexation purposes in July 2017. The old credit terms index for July 2017 is 8,747 points.
The Monetary Policy Committee (MPC) of the Central Bank of Iceland has decided to lower the Bank’s interest rates by 0.25 percentage points. The Bank’s key interest rate – the rate on seven-day term deposits – will therefore be 4.75%.
The Consumer Price Index (CPI) based on prices in April 2017 is 442.1 points (May 1988=100), 0.50% higher than in March 2017. The CPI less housing cost is 389.2 points, unchanged from March.
Cost of owner occupied housing (imputed rent), rose by 2.6% (effect on the index 0.49%).
The CPI is 1.9% higher in April 2017 than in April 2016 while the CPI less housing cost is 1.8% lower than one year ago. The CPI compiled in the middle of April 2017, 442.1 points, is applicable for indexation purposes in June 2017. The old credit terms index for June 2017 is 8,729 points.
The Consumer Price Index (CPI) based on prices in March 2017 is 439.9 points (May 1988=100) which is 0.07% higher than in the previous month. The CPI less housing cost is 389.2 points, 0.28% lower than in February 2017.
Prices of clothing and footwear rose by 7.9% (effect on the index 0.30%) and the cost of owner occupied housing (imputed rent) rose by 1.7% (0.28%). Products and services related to transport declined by 1.7% (-0.25%), prices of food and non-alcoholic beverages declined by 0.8% (-0.13%) and prices of furnishings and other household equipment declined by 2.7% (-0.11%).
The CPI is 1.6% higher in March 2017 than in March 2016 while the CPI less housing cost has decreased by 1.7% from one year ago.
• We believe that the recent lifting of most of the remaining capital controls andthe conclusion of an agreement with the owners of offshore krona assets strengthenIceland's external profile. • We are therefore raising our long- and short-term ratings on Iceland to 'A/A-1'from 'A-/A-2'. • The stable outlook reflects our view that the potential for improvements inIceland's public finances is balanced by the risk of the domestic economyoverheating over the next two years.
The Monetary Policy Committee (MPC) of the Central Bank of Iceland has decided to keep the Bank’s interest rates unchanged. The Bank’s key interest rate – the rate on seven-day term deposits – will therefore remain 5%.
The Consumer Price Index (CPI) based on prices in February 2017 is 439.6 points (May 1988=100) which is 0.71% higher than in the previous month. The CPI less housing cost is 390.3 points, 0.59% higher than in January 2017.
The CPI is 1.9% higher in February 2017 than in February 2016 while the CPI less housing cost has decreased by 1.0% from one year ago.
The CPI compiled in the middle of February 2017, 439.6 points, is applicable for indexation purposes in April 2017. The old credit terms index for April 2017 is 8,680 points.
The Consumer Price Index (CPI) based on prices in January 2017 is 436.5 points (May 1988=100) which is 0.57% lower than in the previous month. The CPI less housing cost is 388.0 points, 1.20% lower than in December 2016.
The CPI is 1.9% higher in January 2017 than in January 2016 while the CPI less housing cost has decreased by 0.9% from one year ago.
The CPI compiled in the middle of January 2017, 436.5 points, is applicable for indexation purposes in March 2017. The old credit terms index for March 2017 is 8,619 points.
Fitch Ratings has revised the outlook on Iceland’s long-term foreign and local currency IDRs to positive from stable. The IDRs are affirmed at BBB+. The issue ratings on Iceland’s senior unsecured foreign- and local-currency bonds were also affirmed at BBB+. The country ceiling was affirmed at BBB+ and the short-term foreign-currency IDR and commercial paper (CP) at F2
The rating agency S&P Global Ratings raised its long-term foreign and local currency sovereign credit ratings on Iceland to A- from BBB+. At the same time, the A-2 short-term ratings were confirmed. The outlook is stable.
S&P Report
The Consumer Price Index (CPI) based on prices in December 2016 is 439.0 points (May 1988=100) which is 0.14% higher than in the previous month. The CPI less housing cost is 392.7 points, 0.18% lower than in November.The cost of owner occupied housing (imputed rent) rose by 1.6% (effect on the index 0.26%).
The CPI is 1.9% higher in December 2016 than in December 2015 while the CPI less housing cost has decreased by 0.8% from one year ago.
The CPI compiled in the middle of December 2016, 439.0 points, is applicable for indexation purposes in February 2017. The old credit terms index for February 2017 is 8,668 points.
The Monetary Policy Committee (MPC) of the Central Bank of Iceland has decided to lower the Bank’s interest rates by 0.25 percentage points. The Bank’s key interest rate – the rate on seven-day term deposits – will therefore be 5%.
The Consumer Price Index (CPI) based on prices in November 2016 is 438.4 points (May 1988=100) which is 0.02% lower than in the previous month. The CPI less housing cost is 393.4 points, 0.41% lower than in October.The cost of owner occupied housing (imputed rent) rose by 1.4% (effect on the index 0.22%). Prices of food and non-alcoholic beverages decreased by 0.7% (-0.10%) and international airfares decreased by 9.3% (-0.10%).The CPI is 2.1% higher in November 2016 than in November 2015 while the CPI less housing cost has decreased by 0.3% from one year ago.
The CPI compiled in the middle of November 2016, 438.4 points, is applicable for indexation purposes in January 2017. The old credit terms index for January 2017 is 8,656 points.
The Monetary Policy Committee (MPC) of the Central Bank of Iceland has decided to keep the Bank’s interest rates unchanged. The Bank’s key interest rate – the rate on seven-day term deposits – will therefore remain 5.25%.
The Consumer Price Index (CPI) based on prices in October 2016 is 438.5 points (May 1988=100), the same as it was in September 2016. The CPI less housing cost is 395.0 points, 0.28% lower than in September.The cost of owner occupied housing (imputed rent) rose by 1.3% (effect on the index 0.21%) but prices for food declined by 1.0% (-0.15%).The CPI is 1.8% higher in October 2016 than in October 2015 while the CPI less housing cost has decreased by 0.5% from one year ago.The CPI compiled in the middle of October 2016, 438.5 points, is applicable for indexation purposes in December 2016. The old credit terms index for December 2016 is 8,658 points.
The Consumer Price Index (CPI) based on prices in September 2016 is 438.5 points (May 1988=100), 0.48% higher than in August 2016. The CPI less housing cost is 396.1 points, 0.4% lower than in August.
The cost of owner occupied housing (imputed rent) rose by 3.3% (effect on the index 0.51%), prices of clothes and footwear rose by 4.7% (0.19%) and prices of recreational and culture related products and services rose by 1.0% (0.11%). International airfares decreased by 16.6% (-0.22%).
The CPI is 1.8% higher in September 2016 than in September 2015 while the CPI less housing cost has decreased 0.4% from one year ago.The CPI compiled in the middle of September 2016, 438.5 points, is applicable for indexation purposes in November 2016. The old credit terms index for November 2016 is 8,658 points.
Moody’s Investors Service (MIS) has today upgraded Iceland’s government and issuer ratings to A3 from Baa2. The rating outlook is stable. This rating action concludes the review for upgrade that commenced on June 10, 2016.
Moody´s report
The Consumer Price Index (CPI) based on prices in August 2016 is 436.4 points (May 1988=100), 0.34% higher than in July 2016. The CPI less housing cost is 396.5 points, 0.13% higher than in July.The CPI is 0.9% higher in August 2016 than in August 2015 while the CPI less housing cost has decreased 0.9% from one year ago.The CPI compiled in the middle of August 2016, 436.4 points, is applicable for indexation purposes in October 2016. The old credit terms index for October 2016 is 8,617 points.Read more
The Monetary Policy Committee (MPC) of the Central Bank of Iceland has decided to lower the Bank’s interest rates by 0.5 percentage points. The Bank’s key interest rate – the rate on seven-day term deposits – will therefore be 5.25%.
Fitch Ratings has released its Full Rating Report on Iceland. The report follows Fitch Ratings’ affirmation of Iceland’s sovereign ratings on 15 July this year.Fitch Ratings affirms Iceland’s sovereign rating at BBB+ with a stable outlook.
Fitch Ratings’ report (pdf)Press release from 15 July 2016
This week international rating agency Fitch Ratings held a global portfolio rating committee related to an overhaul of the Agency’s sovereign methodology released on May 26th, 2016. The results of the committee were published today. As part of the methodology adjustment Fitch changed its approach to the assessment of the long-term local currency (LTLC) ratings, bringing these ratings in line with the long-term foreign currency (LTFC) ratings for most sovereigns globally. In addition, Fitch has assigned new issuer default ratings (IDR) for short-term local currency (STLC) obligations. As part of the criteria related ratings recalibration, Fitch has lowered Iceland’s LTLC rating in line with its LTFC rating of BBB+, which was affirmed by the Agency on July 15th with a stable outlook. The ratings for short-term obligations in both foreign and local currency have also been affirmed at F2 Iceland’s sovereign ratings continue to be supported by the country’s strong macroeconomic fundamentals, sustained improvements in fiscal and external indicators, and solid institutional base.
Corresponding changes will be made to the ratings of other sovereigns whose LTLC ratings were a notch above their LTFC ratings.
The Fitch press release (pdf)
The Consumer Price Index (CPI) based on prices in July 2016 is 434.9 points (May 1988=100), 0.32% lower than in June 2016. The CPI less housing cost is 396.0 points, 0.55% lower than in June.The CPI is 1.1% higher in July 2016 than in July 2015 while the CPI less housing cost has decreased 0.6% from one year ago.The CPI compiled in the middle of July 2016, 434.9 points, is applicable for indexation purposes in September 2016. The old credit terms index for September 2016 is 8,587 points.Read more
Fitch Ratings has affirmed Iceland’s Long-term foreign and local currency Issuer Default Ratings (IDR) at ‘BBB+’ and ‘A-’ respectively with Stable Outlooks. The issue ratings on Iceland’s senior unsecured foreign and local currency bonds have also been affirmed at ‘BBB+’ and ‘A-’. The Country Ceiling has been affirmed at ‘BBB+’ and the Short-term foreign currency IDR and CP at ‘F2’.
Fitch Rating’s rating action commentary
* Annualized rates