Iceland Inflation Rate  1989-2018 | Data | Chart | Calendar | Forecast

Consumer prices in Iceland increased 2.8 percent year-on-year in March 2018, up from a 2.3 percent rise in the previous month. It was the highest inflation rate since January 2014 as prices rebounded for food (0.9 percent from -0.2 percent) and rose faster for restaurants & hotels (2.6 percent from 2.2 percent in February), alcohol & tobacco (2.5 percent from 2.1 percent). Also, cost rose at the same pace for housing & utilities (9.3 percent). In addition, cost declined at a slower pace for transport (-0.9 percent from -2.7 percent), furniture & household equipment (-3.1 percent from -6.8 percent) and communication (-5.8 percent from -7.6 percent). On a monthly basis, consumer prices went up 0.6 percent, the same as in the previous month. Inflation Rate in Iceland averaged 5.09 percent from 1989 until 2018, 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
2018-01-29 09:00 AM Inflation Rate YoY 2.4% 1.9% 2%
2018-02-27 09:00 AM Inflation Rate YoY 2.3% 2.4% 2.5%
2018-03-26 09:00 AM Inflation Rate YoY 2.8% 2.3% 2.4%
2018-04-27 09:00 AM Inflation Rate YoY 2.8% 3%
2018-05-29 09:00 AM Inflation Rate YoY 2.6%
2018-06-27 09:00 AM Inflation Rate YoY 2.5%


Iceland Prices Last Previous Highest Lowest Unit
Inflation Rate 2.80 2.30 25.20 -0.06 percent [+]
Harmonised Consumer Prices 98.80 98.10 102.90 42.80 Index Points [+]
Consumer Price Index CPI 452.00 449.50 452.00 4.00 Index Points [+]
Core Consumer Prices 254.50 252.90 254.50 100.00 Index Points [+]
Core Inflation Rate 2.80 2.40 18.16 1.09 percent [+]
GDP Deflator 180.35 179.66 180.35 3.24 Index Points [+]
Producer Prices 196.30 194.20 224.80 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 4.20 1.70 68.50 -12.40 percent [+]
Inflation Rate Mom 0.60 0.60 10.40 -1.50 percent [+]
Food Inflation 0.90 -0.20 31.18 -6.45 percent [+]
CPI Housing Utilities 436.80 433.20 436.80 94.00 Index Points [+]
CPI Transportation 149.59 149.35 183.10 100.30 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 April of 2018.

Actual Previous Highest Lowest Dates Unit Frequency
2.80 2.30 25.20 -0.06 1989 - 2018 percent Monthly
Jan 2008=100




inflation rate by Country
Country Last
Australia 1.90 Mar/18
Brazil 2.68 Mar/18
Canada 2.30 Mar/18
China 2.10 Mar/18
Euro Area 1.30 Mar/18
France 1.60 Mar/18
Germany 1.60 Mar/18
India 4.28 Mar/18
Indonesia 3.40 Mar/18
Italy 0.80 Mar/18
Japan 1.10 Mar/18
Mexico 5.04 Mar/18
Netherlands 1.00 Mar/18
Russia 2.40 Mar/18
South Korea 1.30 Mar/18
Spain 1.20 Mar/18
Switzerland 0.80 Mar/18
Turkey 10.23 Mar/18
United Kingdom 2.50 Mar/18
United States 2.40 Mar/18


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