- Summary
Veritabus estimates that the annual Consumer Price Index inflation rate will fall from 9.5% to 8.5%. The uncertainty is 0.2%. Statistics Iceland will publish its figures on 30 June.
- Main sub-components of the indexu
Veritabus's assessment is based primarily on the following evaluation:
| Joints | Change between months | Change in one year |
| Food and drink | -0.4% | 11.0% |
| Alcohol and tobacco | 0.6% | 8.6% |
| Clothes and shoes | 0.8% | 5.4% |
| Housing, heating and electricity | 0.8% | 10.9% |
| Furniture, household equipment, etc. | 0.6% | 8.3% |
| Travel and transport | 1.5% | 7.1% |
| Post and Telephone | -0.6% | -1.6% |
| Consumer Price Index | 0.6% | 8.5% |
Food and housing have risen more than most other items over the past 12 months, but food prices did fall by 0.4% in June from the previous month. The housing market continues to cool, but still rises slightly further, mainly due to inflation affecting imputed rent, import-cost inflation and wage changes.
The figure shows the development of the significant components of the index over the past 12 months:
The most significant contributors to the rise in the Consumer Price Index remain food and drink, along with the housing, heating and electricity category. The year-on-year change stands at 11.1% for the former and 10.9% for the latter.
About Veritabus
Veritabus is a sister company of Arev Securities. Veritabus uses its own price surveys and official data to assess inflation.