Iceland Inflation Rate  1989-2017 | Data | Chart | Calendar | Forecast

Consumer prices in Iceland increased 1.7 percent year-on-year in August of 2017, following a 1.8 percent increase in July. Cost rose less for housing and utilities (13.8 percent compared to 14.4 percent in July); miscellaneous goods and services (0.5 percent compared to 1.4 percent) and hotels, cafes and restaurants (2.4 percent compared to 2.8 percent) and fell slightly more for recreation and culture (-2 percent compared to -1.9 percent). On the other hand, cost declined less for transport (-4.9 percent compared to -6.4 percent) and food and non-alcoholic beverages (-4 percent compared to -4.3 percent). On a monthly basis, consumer prices went up 0.2 percent, following a flat reading in July. Inflation Rate in Iceland averaged 5.15 percent from 1989 until 2017, reaching an all time high of 25.20 percent in December of 1989 and a record low of -0.06 percent in November of 1994.

Iceland Inflation Rate
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Calendar GMT Actual Previous Consensus TEForecast
2017-06-29 09:00 AM Inflation Rate YoY 1.5% 1.7% 1.6%
2017-07-20 09:00 AM Inflation Rate YoY 1.8% 1.5% 1.3%
2017-08-30 09:00 AM Inflation Rate YoY 1.7% 1.8% 1.9%
2017-09-27 09:00 AM Inflation Rate YoY 1.7% 1.9%
2017-10-27 09:00 AM Inflation Rate YoY 1.70%
2017-11-28 09:00 AM Inflation Rate YoY 1.70%


Iceland Prices Last Previous Highest Lowest Unit
Inflation Rate 1.70 1.80 25.20 -0.06 percent [+]
Harmonised Consumer Prices 100.20 100.90 102.90 42.80 Index Points [+]
Consumer Price Index CPI 444.00 442.90 444.00 4.00 Index Points [+]
Core Consumer Prices 250.30 250.00 250.30 100.00 Index Points [+]
Core Inflation Rate 2.08 2.46 18.16 1.09 percent [+]
GDP Deflator 179.66 176.06 179.66 3.24 Index Points [+]
Producer Prices 184.60 180.60 224.80 99.80 Index Points [+]
Export Prices 194.44 216.01 221.28 0.03 Index Points [+]
Import Prices 208.16 236.74 262.20 0.04 Index Points [+]
CPI Housing Utilities 422.10 420.30 422.10 94.00 Index Points [+]
CPI Transportation 151.53 152.58 183.10 100.30 Index Points [+]
Food Inflation -4.00 -4.30 31.18 -6.45 percent [+]
Inflation Rate Mom 0.20 0.00 10.40 -1.50 percent [+]
Producer Prices Change -7.80 -10.20 68.50 -12.30 percent [+]


Iceland Inflation Rate Notes

In Iceland, the most important category in the consumer price index is Housing and Utilities (29.3 percent of total weight). Transport accounts for 14.9 percent; Food and Non-Alcoholic Beverages for 14.7 percent; Recreation and Culture for 10.3 percent; Miscellaneous Goods and Services for 6.2 percent and Restaurants and Hotels for 5.4 percent. Furniture, Household Goods and Maintenance; Health; Clothing and Footwear; Alcoholic beverages and Tobacco; Communication and Education account for the remaining 19.2 percent of total weight. This page provides - Iceland Inflation Rate - actual values, historical data, forecast, chart, statistics, economic calendar and news. Iceland Inflation Rate - actual data, historical chart and calendar of releases - was last updated on September of 2017.

Actual Previous Highest Lowest Dates Unit Frequency
1.70 1.80 25.20 -0.06 1989 - 2017 percent Monthly
Jan 2008=100



inflation rate by Country

Last
Australia 1.90 Jun/17
Brazil 2.46 Aug/17
Canada 1.20 Jul/17
China 1.80 Aug/17
Euro Area 1.50 Aug/17
France 0.90 Aug/17
Germany 1.80 Aug/17
India 3.36 Aug/17
Indonesia 3.82 Aug/17
Italy 1.20 Aug/17
Japan 0.40 Jul/17
Mexico 6.66 Aug/17
Netherlands 1.40 Aug/17
Russia 3.30 Aug/17
South Korea 2.60 Aug/17
Spain 1.60 Aug/17
Switzerland 0.50 Aug/17
Turkey 10.68 Aug/17
United Kingdom 2.90 Aug/17
United States 1.90 Aug/17