The annual inflation rate in Iceland decreased to 3.4% in January of 2019 from 3.7% in December as prices slowed for housing and utilities (4.9% vs 5.6% in December); transport (3.7% vs 4.8%); alcoholic beverages and tobacco (3.1% vs 3.4%) and continued to fall for communication (-9.1% vs -9.7%) and education (-1.7% vs -2.5%). In contrast, prices rose faster for food and non-alcoholic beverages (4.8% vs 4.7%); recreation and culture (1.1% vs 0.9%); miscellaneous goods and services (2.4% vs 2.1%); furnishing and household equipment (5% vs 4%); health (2.5% vs 1.8%) and hotels, cafés and restaurants (2.9% vs 2.8%). Prices of clothing & footwear were unchanged, after a 1.3 percent rise in December. On a monthly basis, consumer prices fell 0.4%. Inflation Rate in Iceland averaged 5.03 percent from 1989 until 2019, 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.

Inflation Rate in Iceland is expected to be 3.10 percent by the end of this quarter, according to Trading Economics global macro models and analysts expectations. Looking forward, we estimate Inflation Rate in Iceland to stand at 2.90 in 12 months time. In the long-term, the Iceland Inflation Rate is projected to trend around 2.70 percent in 2020, according to our econometric models.

Iceland Inflation Rate
width
height
Forecast Data Chart
Trading Economics members can view, download and compare data from nearly 200 countries, including more than 20 million economic indicators, exchange rates, government bond yields, stock indexes and commodity prices.

The Trading Economics Application Programming Interface (API) provides direct access to our data. It allows API clients to download millions of rows of historical data, to query our real-time economic calendar, subscribe to updates and receive quotes for currencies, commodities, stocks and bonds.


Calendar GMT Actual Previous Consensus TEForecast
2018-10-29 09:00 AM Inflation Rate YoY 2.8% 2.7% 2.9%
2018-11-29 09:00 AM Inflation Rate YoY 3.3% 2.8% 2.8%
2018-12-20 09:00 AM Inflation Rate YoY 3.7% 3.3% 2.9%
2019-01-29 09:00 AM Inflation Rate YoY 3.4% 3.7% 3.4%
2019-02-27 09:00 AM Inflation Rate YoY 3.4% 3.5%
2019-03-27 09:00 AM Inflation Rate YoY 3.1%
2019-04-29 09:00 AM Inflation Rate YoY 3.4%


Iceland Prices Last Previous Highest Lowest Unit
Inflation Rate 3.40 3.70 25.20 -0.06 percent [+]
Consumer Price Index CPI 462.00 463.90 463.90 4.00 Index Points [+]
Harmonised Consumer Prices 100.70 98.80 102.90 42.80 Index Points [+]
Core Consumer Prices 259.30 260.60 260.60 100.00 Index Points [+]
Core Inflation Rate 3.20 3.50 18.16 1.09 percent [+]
GDP Deflator 180.35 179.66 180.35 3.24 Index Points [+]
Producer Prices 212.70 216.20 224.80 99.80 Index Points [+]
Export Prices 187.47 194.44 221.28 0.03 Index Points [+]
Import Prices 197.40 208.16 262.20 0.04 Index Points [+]
Producer Prices Change 9.50 11.70 68.50 -12.40 percent [+]
Inflation Rate Mom -0.40 0.70 10.40 -1.50 percent [+]
Food Inflation 4.80 4.70 31.18 -6.45 percent [+]
CPI Housing Utilities 451.90 450.00 451.90 94.00 Index Points [+]
CPI Transportation 154.45 156.59 183.10 100.30 Index Points [+]


Iceland Inflation Rate

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 February of 2019.

Actual Previous Highest Lowest Dates Unit Frequency
3.40 3.70 25.20 -0.06 1989 - 2019 percent Monthly
Jan 2008=100




Country Last Previous
Argentina 48.90 Jan/19
Australia 1.80 Dec/18
Brazil 3.78 Jan/19
Canada 2.00 Dec/18
China 1.70 Jan/19
Euro Area 1.40 Jan/19
France 1.20 Jan/19
Germany 1.40 Jan/19
India 2.05 Jan/19
Indonesia 2.82 Jan/19
Italy 0.90 Jan/19
Japan 0.30 Dec/18
Mexico 4.37 Jan/19
Netherlands 2.20 Jan/19
Russia 5.00 Jan/19
Saudi Arabia 2.20 Dec/18
Singapore 0.50 Dec/18
South Africa 4.50 Dec/18
South Korea 0.80 Jan/19
Spain 1.00 Jan/19
Switzerland 0.60 Jan/19
Turkey 20.35 Jan/19
United Kingdom 1.80 Jan/19
United States 1.60 Jan/19


Related

Latest