Iceland - Consumer Price Index (CPI)





Iceland: Consumer Price Index (CPI)

Mnemonic CPI.IISL
Unit Index May1988=100, NSA
Adjustments Not Seasonally Adjusted
Monthly 0.8 %
Data Mar 2024 620.3
Feb 2024 615.4

Series Information

Source Statistics Iceland
Release Consumer price index (CPI)
Frequency Monthly
Start Date 5/31/1988
End Date 3/31/2024

Release Information

For Iceland, a consumer price index (CPI), monthly from 1998.

Active:

  • Classification: COICOP
  • Measurement: Fixed-base value index relative to May 1998 (Index May1998=100)
  • Adjustment: Not seasonally adjusted (NSA)
  • Native frequency: Monthly
  • Start date: 1998m5
  • Geo coverage: Country

Global concept alias:

  • CPI.IISL

According to the Act on the Consumer Price Index, Statistics Iceland shall establish the index basket on the basis of a household expenditure survey and other available sources and decide on the methodology for compiling the CPI. The methods applied by Statistics Iceland are based on international recommendations and instructions and are fully harmonized with methods from EU regulations. Since 1992, Statistics Iceland has participated in comprehensive international cooperation together with world leading index experts ensuring that the compilation of the CPI is in accordance with recommended methodology.

The household expenditure survey of Statistics Iceland is the main instrument for establishing the base of the CPI. Since the beginning of the year 2000, the household expenditure survey has been continuous, i.e. it has been ongoing every year throughout the whole year. The base of the CPI is renewed every year. The base measures the consumption of people living in Iceland, contrary to consumption of tourists which is excluded.

About the source

Hagstofa Íslands (Statistics Iceland) uses two language-centric domain names, hagstofa.is and statice.is, respectively.

Further reading

Data at the source:

At IMF (SDDS):

  • 22 Mar 2024 - Initial version.