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

Consumer prices in Iceland increased 1.9 percent year-on-year in April of 2017, following 1.6 percent rise in the previous month. Prices rose at a faster pace for housing and utilities (12.1 percent compared to 10.7 percent in March) and fell less for transport (-4 percent from -4.1 percent), communications (-17.9 percent from -19.7 percent) and recreation and culture (-0.1 percent from -0.6 percent). In contrast, decreased further for food and non-alcoholic beverages (-2.5 percent compared to -1.6 percent) and clothing and footwear (-3.6 percent from -3.3 percent). On a monthly basis, consumer prices went up 0.5 percent. Inflation Rate in Iceland averaged 5.21 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 Reference Actual Previous Consensus Forecast (i)
2017-02-27 09:10 AM Feb 1.9% 1.9% 2.1%
2017-03-28 09:00 AM Mar 1.6% 1.9% 2.1%
2017-04-27 09:00 AM Apr 1.9% 1.6% 1.8%
2017-05-29 09:00 AM May 1.9% 2.1%
2017-06-29 09:00 AM Jun 2.07%
2017-07-20 09:00 AM Jul 2.14%




Iceland Prices Last Previous Highest Lowest Unit
Inflation Rate 1.90 1.60 25.20 -0.06 percent [+]
Harmonised Consumer Prices 99.20 98.50 102.90 42.80 Index Points [+]
Consumer Price Index CPI 442.10 439.90 442.10 4.00 Index Points [+]
Core Consumer Prices 249.10 247.60 249.10 100.00 Index Points [+]
Core Inflation Rate 1.60 1.73 18.16 1.09 percent [+]
GDP Deflator 179.66 176.06 179.66 3.24 Index Points [+]
Producer Prices 186.10 188.30 224.80 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 406.00 399.70 406.00 94.00 Index Points [+]
Cpi Transportation 152.70 151.49 183.10 100.30 Index Points [+]
Food Inflation -2.50 -1.60 31.18 -6.45 percent [+]
Inflation Rate Mom 0.50 0.10 10.40 -1.50 percent [+]
Producer Prices Change -7.10 -5.50 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 May of 2017.

Actual Previous Highest Lowest Dates Unit Frequency
1.90 1.60 25.20 -0.06 1989 - 2017 percent Monthly
Jan 2008=100



inflation rate by Country

Last
Australia 2.10 Mar/17
Brazil 4.08 Apr/17
Canada 1.60 Apr/17
China 1.20 Apr/17
Euro Area 1.90 Apr/17
France 1.20 Apr/17
Germany 2.00 Apr/17
India 2.99 Apr/17
Indonesia 4.17 Apr/17
Italy 1.90 Apr/17
Japan 0.40 Apr/17
Mexico 5.82 Apr/17
Netherlands 1.60 Apr/17
Russia 4.10 Apr/17
South Korea 1.90 Apr/17
Spain 2.60 Apr/17
Switzerland 0.40 Apr/17
Turkey 11.87 Apr/17
United Kingdom 2.70 Apr/17
United States 2.20 Apr/17