Cost of food in Iceland increased 7.40 percent in October of 2020 over the same month in the previous year.

Food Inflation in Iceland averaged 3.68 percent from 1993 until 2020, reaching an all time high of 31.18 percent in December of 2008 and a record low of -6.45 percent in November of 1994. This page provides the latest reported value for - Iceland Food Inflation - plus previous releases, historical high and low, short-term forecast and long-term prediction, economic calendar, survey consensus and news. Iceland Food Inflation - values, historical data and charts - was last updated on October of 2020.

Food Inflation in Iceland is expected to be 3.80 percent by the end of this quarter, according to Trading Economics global macro models and analysts expectations. Looking forward, we estimate Food Inflation in Iceland to stand at 3.80 in 12 months time. In the long-term, the Iceland Food Inflation is projected to trend around 3.80 percent in 2021, according to our econometric models.

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Iceland Food Inflation

Actual Previous Highest Lowest Dates Unit Frequency
7.40 6.50 31.18 -6.45 1993 - 2020 percent Monthly
Jan 2008=100

Iceland Prices Last Previous Highest Lowest Unit
Inflation Rate 3.60 3.50 25.20 -0.06 percent [+]
Consumer Price Index CPI 173.20 172.50 482.90 4.00 points [+]
Harmonised Consumer Prices 104.20 105.00 105.00 42.80 points [+]
Core Consumer Prices 274.70 273.70 274.70 100.00 points [+]
Core Inflation Rate 3.50 3.60 18.16 1.09 percent [+]
GDP Deflator 195.74 187.28 195.74 3.24 points [+]
Producer Prices 226.10 221.70 226.10 99.80 points [+]
Export Prices 216.36 202.40 221.28 0.03 points [+]
Import Prices 238.21 221.68 262.20 0.04 points [+]
Inflation Rate Mom 0.40 0.40 10.40 -1.50 percent [+]
Producer Prices Change 6.80 4.40 68.50 -12.40 percent [+]
CPI Housing Utilities 471.50 469.60 471.50 94.00 points [+]
CPI Transportation 158.48 158.21 183.10 100.30 points [+]
Food Inflation 7.40 6.50 31.18 -6.45 percent [+]