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

Consumer prices in Iceland increased 1.4 percent year-on-year in September of 2017, below a 1.7 percent rise in August. It is the lowest inflation rate since August of 2016 amid a sharper fall in cost of food and non-alcoholic beverages (-5 percent compared to -4 percent) and recreation and culture (-2.4 percent compared to -2 percent) and a slowdown in prices of housing and utilities (12.5 percent compared to 13.8 percent) and hotels, cafes and restaurants (2.2 percent compared to 2.3 percent). In addition, prices of transport continue to fall (-4.8 percent compared to -4.9 percent). On the other hand, prices rose faster for miscellaneous goods and services (0.8 percent compared to 0.4 percent). On a monthly basis, consumer prices edged up 0.1 percent after increasing 0.2 percent in August. Inflation Rate in Iceland averaged 5.14 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
2017-07-20 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 1.4% 1.7% 1.9%
2017-10-27 09:00 AM Inflation Rate YoY 1.4% 1.7%
2017-11-28 09:00 AM Inflation Rate YoY 1.70%
2017-12-21 09:00 AM Inflation Rate YoY 1.70%


Iceland Prices Last Previous Highest Lowest Unit
Inflation Rate 1.40 1.70 25.20 -0.06 percent [+]
Harmonised Consumer Prices 98.70 100.20 102.90 42.80 Index Points [+]
Consumer Price Index CPI 444.60 444.00 444.60 4.00 Index Points [+]
Core Consumer Prices 251.00 250.30 251.00 100.00 Index Points [+]
Core Inflation Rate 1.83 2.08 18.16 1.09 percent [+]
GDP Deflator 179.66 176.06 179.66 3.24 Index Points [+]
Producer Prices 186.70 184.60 224.80 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 425.60 422.10 425.60 94.00 Index Points [+]
CPI Transportation 148.87 151.53 183.10 100.30 Index Points [+]
Food Inflation -5.00 -4.00 31.18 -6.45 percent [+]
Inflation Rate Mom 0.10 0.20 10.40 -1.50 percent [+]
Producer Prices Change -6.00 -7.80 68.50 -12.30 percent [+]


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 October of 2017.

Actual Previous Highest Lowest Dates Unit Frequency
1.40 1.70 25.20 -0.06 1989 - 2017 percent Monthly
Jan 2008=100




inflation rate by Country

Last
Australia 1.90 Jun/17
Brazil 2.54 Sep/17
Canada 1.60 Sep/17
China 1.60 Sep/17
Euro Area 1.50 Sep/17
France 1.00 Sep/17
Germany 1.80 Sep/17
India 3.28 Sep/17
Indonesia 3.72 Sep/17
Italy 1.10 Sep/17
Japan 0.70 Aug/17
Mexico 6.35 Sep/17
Netherlands 1.50 Sep/17
Russia 3.00 Sep/17
South Korea 2.10 Sep/17
Spain 1.80 Sep/17
Switzerland 0.70 Sep/17
Turkey 11.20 Sep/17
United Kingdom 3.00 Sep/17
United States 2.20 Sep/17