Consumer Price Index CPI in Faroe Islands increased to 123.20 points in the first quarter of 2021 from 121.60 points in the fourth quarter of 2020. source: Statistics Faroe Islands

Consumer Price Index CPI in Faroe Islands averaged 128.44 points from 1988 until 2021, reaching an all time high of 193.80 points in the fourth quarter of 2000 and a record low of 99.30 points in the fourth quarter of 2001. This page provides - Faroe Islands Consumer Price Index Cpi- actual values, historical data, forecast, chart, statistics, economic calendar and news. Faroe Islands Consumer Price Index Cpi - values, historical data and charts - was last updated on May of 2021.

Consumer Price Index CPI in Faroe Islands is expected to be 120.91 points by the end of this quarter, according to Trading Economics global macro models and analysts expectations. Looking forward, we estimate Consumer Price Index CPI in Faroe Islands to stand at 121.13 in 12 months time. In the long-term, the Faroe Islands Consumer Price Index Cpi is projected to trend around 121.18 points in 2022 and 121.16 points in 2023, according to our econometric models.

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Faroe Islands Consumer Price Index Cpi

Actual Previous Highest Lowest Dates Unit Frequency
123.20 121.60 193.80 99.30 1988 - 2021 points Quarterly
2001Q1=100, NSA

Faroe Islands Prices Last Previous Highest Lowest Unit
Consumer Price Index CPI 123.20 121.60 193.80 99.30 points [+]
Inflation Rate 1.10 -0.40 7.90 -3.10 percent [+]
Inflation Rate Mom 1.30 0.40 2.20 -1.30 percent [+]
Food Inflation 0.40 0.80 8.70 -1.60 percent [+]


Faroe Islands Consumer Price Index Cpi
In Faroe Islands, the most important categories in the consumer price index are food and non-alcoholic beverages (20 percent of total weight), housing and utilities (18 percent), transport (14 percent), and recreation and culture (11 percent). Miscellaneous goods and services account for 8 percent; furnishing and household equipment for 8 percent; and clothing and footwear for 6 percent. The index also includes: communication (5 percent); alcoholic beverages and tobacco (5 percent); restaurants and hotels (3 percent); and health (2 percent).