Economy news

The Consumer Price Index (CPI) based on prices in March 2018 is 452.0 points (May 1988=100), 0.56% higher than in the previous month. The CPI less housing cost is 388.1 points, 0.36% higher than in February 2018.
Winter sales have come to an end causing an increase in prices of clothing and footwear by 4.4% (effect on the index 0.15%). Cost of owner occupied housing (imputed rent) rose by 1.4% (0.29%).
The CPI is 2.8% higher in March 2018 than in March 2017 while the CPI less housing cost is 0.3% lower than one year ago.
The CPI compiled in the middle of March 2018, 452.0 points, is applicable for indexation purposes in May 2018. The old credit terms index for May 2018 is 8,925 points.

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The Consumer Price Index (CPI) based on prices in February 2018 is 449.5 points (May 1988=100), 0.60% higher than in the previous month. The CPI less housing cost is 386.7 points, 0.60% higher than in January 2018.

Winter sales have partly come to a close causing an increase in prices of clothing and footwear by 4.9% (effect on the index 0.16). Cost of owner occupied housing (imputed rent) rose by 0.7% (0.15%).

The CPI is 2.3% higher in February 2018 than in February 2017 while the CPI less housing cost is 0.9% lower than one year ago.

The CPI compiled in the middle of February 2018, 449.5 points, is applicable for indexation purposes in April 2018. The old credit terms index for April 2018 is 8,875 points.

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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 4.25%.

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The Consumer Price Index (CPI) based on prices in January 2018 is 446.8 points (May 1988=100), 0.09% lower than in the previous month. The CPI less housing cost is 384.4 points, 0.57% lower than in December 2017.The CPI is 2.4% higher in January 2018 than in January 2017 while the CPI less housing cost is 0.9% lower than one year ago. 
The CPI compiled in the middle of January 2018, 446.8 points, is applicable for indexation purposes in March 2018. The old credit terms index for March 2018 is 8,822 points.

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