Core consumer prices in Iceland increased 6.50 percent in May of 2026 over the same month in the previous year. Core Inflation Rate in Iceland averaged 4.77 percent from 1998 until 2026, reaching an all time high of 18.16 percent in January of 2009 and a record low of 1.09 percent in September of 1998. source: Statistics Iceland
Core Inflation Rate in Iceland is expected to be 5.90 percent by the end of this quarter, according to Trading Economics global macro models and analysts expectations. In the long-term, the Iceland Core Inflation Rate is projected to trend around 2.30 percent in 2027 and 2.00 percent in 2028, according to our econometric models.