REYKJAVIK, Aug. 27 (Xinhua) -- Iceland's Consumer Price Index reported a month-on-month increase of 0.24 percent in August, according to the statistics issued on Wednesday by Statistics Iceland.
The statistics showed the CPI in August is 423.1, taking the CPI in May 1988 as base number of 100, increasing by 0.24 percent compared with 422.1 in July.
As summer sales were fading away, the prices of clothing and footwear increased by 7.9 percent, affecting a 0.33 percent increase on the index.
International airfares decreased by 9.2 percent, affecting a 0.18 percent decrease on the CPI.
Over the last three months, the CPI has increased by 0.4 percent, equivalent to an annual inflation rate of 1.7 percent.
In the past 12 months, the CPI has increased by 2.2 percent.