Landshagir - 01.12.2015, Page 240

Verðlag
LANDSHAGIR 2015 STATISTICAL YEARBOOK OF ICELAND 2015
10
238
Statistics Iceland compiles and publishes
the consumer price index, build-
ing cost index, producer price index
and related price indices every month.
Indices reflect economic and price
developments within the society.
Consumer price index
The consumer price index measures price
changes of a specific basket of goods and
services which is the base of the index.
Prices of an extensive sample of goods and
services are collected for a week during the
middle of each month for measuring price
changes. The index is rebased in March
every year and is mainly based on a house-
hold expenditure survey. The consumer
price index measures inflation and is
used for monetary targeting and indexa-
tion of financial obligations according to
the law on interest rates and indexation.
Building cost index for residential housing
The building cost index measures changes
in the building costs of a residential apart-
ment house in the capital area. Prices
of inputs, e.g. building materials and
labour cost are measured. The building
cost index is mainly used for indexation
of contracts in the construction industry.
Producer price index
The producer price index measures changes
in prices received by domestic producers
of power intensive metal products, marine
products, food products and other indus-
try products. The base for the index is the
sum of sold manufacturing products and
is updated annually. Price measurements
are based on transaction data collected
from sampled domestic producers.
Inflation was 2.0% in 2014
Inflation is a prolonged increase in price
levels, defined here by 12 month changes
of the CPI. In the year 2014 inflation was
2.0% compared to an inflation rate of
3.9% in 2013. The expenditure base of the
consumer price index was revised in April
2015. In comparison to the previous base
the share of expenditure towards housing,
water and electricity rose as well as the
share of hotels, cafés and restaurants.
Producer prices decreased by 0.7% in 2014
Producer prices decreased by 0.7% in 2014,
prices of marine products increased by
0.9%. Over the same period power inten-
sive industry products decreased by 4.9%
and prices of food products increased by
1.8%.

Building cost index up by 1.6% in 2014
The building cost index increased
by 1.6% in 2014 from the previous
year. Prices of labour cost and domes-
tic materials increased while prices
of imported materials decreased.
Vísitala framleiðsluverðs lækkaði um 0,7%
árið 2014
Á árinu 2014 lækkaði vísitala framleiðslu-
verðs um 0,7%, verðvísitala sjávarafurða
hækkaði um 0,9%. Á sama tíma lækkaði
verð á afurðum stóriðju um 4,9% og fram-
leiðsluverð matvæla hækkaði um 1,8%.
Vísitala byggingarkostnaðar hækkaði um
1,6% árið 2014
Vísitala byggingarkostnaðar hækkaði
um 1,6% árið 2014. Mestu munaði
um hækkun á vinnu og innlendu efni,
en verð á innfluttu efni lækkaði.