Prices

Price is a measure for living costs. The indexes are primarily used to track the development in inflation. The consumer price index is a measure for actual prices paid by consumers for goods and services. It mirrors the sum of changes in consumer prices, including those caused by changes in taxes, duties and subsidies. Hence, it is a compound expression of pure market changes and legislative price changes.

The Construction Cost Index measures cost development related to housing construction in Greenland. The index is primarily used to monitor inflation trends in the construction business, and for regulation of construction contracts. It is calculated from a weight basis and stats about price development.