Publication detail

Owner occupied housing in the Icelandic Consumer Price Index


  • Statistical Series
  • 15. April 2020
  • Vol 105, Issue 1
  • ISSN: 1670-4770


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Statistics Iceland has published the working paper "Owner occupied housing in the Icelandic Consumer Price Index". The paper describes details about the method for calculation of owner occupied housing in the period 1922-2019 and the CPI results. Simple user cost has been used in the compilation of occupied housing (OOH) in the Icelandic Consumer Price Index for nearly thirty years, i.e. since 1992. During this time the Icelandic economy has experienced volatile cycles including the global financial crisis in 2008-2009 resulting in the bank crash which was an extreme case. The simple user cost method is sensitive to the economic cycle and as a result questions arise on the suitability of the method.
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