- Summary
The consumer price index for the last 12 months falls from 9.9% to 9.8% according to Veritabus's estimate. The uncertainty is 0.3 percentage points. Veritabus estimates that Statistics Iceland will measure 10.0% inflation for the same period, with the difference being due to the differing timing of the measurements. Statistics Iceland publishes its figures on 30 August.
- Sub-indices of the index
It is likely that the Statistics Office's measurements will be as follows:
Food, housing and fuel have risen more than most other items over the past 12 months. In August, fuel prices fell considerably and are likely to continue to fall. There are indications that the housing market will calm down. Food prices also appear to have risen less than in previous months. Here are the results from measurements taken by Veritabus between July and August:
Here you can see the changes between product categories:
The figure shows the development of the significant components of the index over the past 12 months:
