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

Inflation rate in Iceland increased to 2.6 percent in June of 2018 from 2 percent in the previous month. Prices advanced faster for food & non-alcoholic beverages (3 percent from 1.4 percent in May); restaurants & hotels (2.8 percent from 2.4 percent); health (2.7 percent from 2.1 percent) and alcoholic beverages & tobacco (2.7 percent from 2.6 percent). On the other hand, cost slowed for miscellaneous goods & services (1.1 percent from 2.2 percent) and inflation was steady for housing & utilities (5.8 percent, the same as in May) and education (2.1 percent). Meanwhile, prices continued to decline for recreation & culture (-0.1 percent from -1.3 percent); furniture & household equipment (-0.8 percent from -1.7 percent); clothing & footwear (-5.3 percent from -4.1 percent) and communication (-7.3 percent from -8.3 percent). On a monthly basis, consumer prices went up 0.6 percent, after a 0.1 percent drop in May. Inflation Rate in Iceland averaged 5.07 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
2018-04-27 09:00 AM Inflation Rate YoY 2.3% 2.8% 3%
2018-05-29 09:00 AM Inflation Rate YoY 2% 2.3% 2.6%
2018-06-27 09:00 AM Inflation Rate YoY 2.6% 2% 2.5%
2018-07-23 09:00 AM Inflation Rate YoY 2.6% 2.8%
2018-08-30 09:00 AM Inflation Rate YoY 3.2%
2018-09-27 09:00 AM Inflation Rate YoY 2.7%


Iceland Prices Last Previous Highest Lowest Unit
Inflation Rate 2.60 2.00 25.20 -0.06 percent [+]
Harmonised Consumer Prices 99.00 98.70 102.90 42.80 Index Points [+]
Consumer Price Index CPI 454.60 451.80 454.60 4.00 Index Points [+]
Core Consumer Prices 255.50 254.10 255.50 100.00 Index Points [+]
Core Inflation Rate 2.10 1.80 18.16 1.09 percent [+]
GDP Deflator 180.35 179.66 180.35 3.24 Index Points [+]
Producer Prices 197.30 190.50 224.80 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 8.50 1.00 68.50 -12.40 percent [+]
Inflation Rate Mom 0.60 -0.10 10.40 -1.50 percent [+]
Food Inflation 3.00 1.40 31.18 -6.45 percent [+]
CPI Housing Utilities 439.50 435.80 439.50 94.00 Index Points [+]
CPI Transportation 152.22 149.84 183.10 100.30 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 July of 2018.

Actual Previous Highest Lowest Dates Unit Frequency
2.60 2.00 25.20 -0.06 1989 - 2018 percent Monthly
Jan 2008=100




inflation rate by Country
Country Last
Australia 1.90 Mar/18
Brazil 4.39 Jun/18
Canada 2.20 May/18
China 1.90 Jun/18
Euro Area 2.00 Jun/18
France 2.00 Jun/18
Germany 2.10 Jun/18
India 5.00 Jun/18
Indonesia 3.12 Jun/18
Italy 1.30 Jun/18
Japan 0.70 May/18
Mexico 4.65 Jun/18
Netherlands 1.70 Jun/18
Russia 2.30 Jun/18
South Korea 1.50 Jun/18
Spain 2.30 Jun/18
Switzerland 1.10 Jun/18
Turkey 15.39 Jun/18
United Kingdom 2.40 May/18
United States 2.90 Jun/18


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