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

The annual inflation rate in Iceland declined to 2.6 percent in August of 2018 from 2.7 percent in the prior month. Prices increased at a softer pace for housing & utilities (5.3 percent from 5.4 percent in July); food & non-alcoholic beverages (2.6 percent from 2.8 percent); furniture & household equipment (0.4 percent from 2.6 percent) and health (2.6 percent from 3.1 percent); and dropped further for communication (-8.3 percent from -8.2 percent). On the other hand, cost picked up for transport (2.2 percent from 2 percent); miscellaneous goods & services (2.4 percent from 1.9 percent) and restaurants & hotels (2.9 percent from 2.5 percent). Additionally, prices fell less for recreation & culture (-0.1 percent from -0.5 percent) and clothing & footwear (-4.9 percent from -5.7 percent). On a monthly basis, consumer prices edged up 0.2 percent, after being unchanged in July. Inflation Rate in Iceland averaged 5.05 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
2018-06-27 09:00 AM Inflation Rate YoY 2.6% 2% 2.5%
2018-07-23 09:00 AM Inflation Rate YoY 2.7% 2.6% 2.8%
2018-08-30 09:00 AM Inflation Rate YoY 2.6% 2.7% 2.8%
2018-09-27 09:00 AM Inflation Rate YoY 2.6% 2.7%
2018-10-29 09:00 AM Inflation Rate YoY 2.9%
2018-11-29 09:00 AM Inflation Rate YoY 2.8%


Iceland Prices Last Previous Highest Lowest Unit
Inflation Rate 2.60 2.70 25.20 -0.06 percent [+]
Harmonised Consumer Prices 102.30 102.80 102.90 42.80 Index Points [+]
Consumer Price Index CPI 389.50 454.80 454.80 4.00 Index Points [+]
Core Consumer Prices 256.00 255.70 256.00 100.00 Index Points [+]
Core Inflation Rate 2.30 2.30 18.16 1.09 percent [+]
GDP Deflator 180.35 179.66 180.35 3.24 Index Points [+]
Producer Prices 201.10 201.70 224.80 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 9.00 11.70 68.50 -12.40 percent [+]
Inflation Rate Mom 0.20 0.00 10.40 -1.50 percent [+]
Food Inflation 2.80 3.00 31.18 -6.45 percent [+]
CPI Housing Utilities 444.30 442.90 444.30 94.00 Index Points [+]
CPI Transportation 154.32 155.13 183.10 100.30 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 September of 2018.

Actual Previous Highest Lowest Dates Unit Frequency
2.60 2.70 25.20 -0.06 1989 - 2018 percent Monthly
Jan 2008=100




inflation rate by Country
Country Last
Argentina 34.40 Aug/18
Australia 2.10 Jun/18
Brazil 4.19 Aug/18
Canada 3.00 Jul/18
China 2.30 Aug/18
Euro Area 2.00 Aug/18
France 2.30 Aug/18
Germany 2.00 Aug/18
India 3.69 Aug/18
Indonesia 3.20 Aug/18
Italy 1.60 Aug/18
Japan 0.90 Jul/18
Mexico 4.90 Aug/18
Netherlands 2.30 Aug/18
Russia 3.10 Aug/18
Saudi Arabia 2.20 Jul/18
Singapore 0.60 Jul/18
South Africa 4.90 Aug/18
South Korea 1.40 Aug/18
Spain 2.20 Aug/18
Switzerland 1.20 Aug/18
Turkey 17.90 Aug/18
United Kingdom 2.70 Aug/18
United States 2.70 Aug/18


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