Iceland's Consumer Price Index (CPI) reported a month-on-month increase of 0.14 percent in October, according to the statistics issued on Wednesday by Statistics Iceland.
The statistics showed the CPI in October was 423.2, taking the CPI in May 1988 as base number of 100, increasing by 0.14 percent compared with 422.6 in September.
Prices of petrol and diesel oil decreased by 3.5 percent, affecting a 0.15 percent decrease on the index. The cost of housing, water, electricity and other energy rose by 0.4 percent, affecting a 0.11 percent increase on the index.
International airfares rose by 11 percent, affecting a 0.14 percent increase on the index.
Over the last three months, the CPI has increased by 0.3 percent, equivalent to an annual inflation rate of 1 percent.
In the past 12 months, the CPI has increased by 1.9 percent.