Core consumer prices in Iceland increased 2.30 percent in October of 2018 over the same month in the previous year. Core Inflation Rate in Iceland averaged 4.61 percent from 1998 until 2018, 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.
Core Inflation Rate in Iceland is expected to be 2.50 percent by the end of this quarter, according to Trading Economics global macro models and analysts expectations. Looking forward, we estimate Core Inflation Rate in Iceland to stand at 2.41 in 12 months time. In the long-term, the Iceland Core Inflation Rate is projected to trend around 2.80 percent in 2020, according to our econometric models.