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

Consumer prices in Iceland increased 1.7 percent year-on-year in November of 2017, easing from a 1.9 percent rise in the preceding month. Prices advanced at a softer pace for housing and utilities (11.4 percent vs 11.9 percent in October) and restaurants and hotels (2 percent vs 2.8 percent). In addition, cost fell for transport (-4.6 percent vs -4.5 percent); food (-1.4 percent vs -2.2 percent); recreation and culture (-1.9 percent vs -2.3 percent); furniture and household equipment (-8.7 percent vs -9.1 percent); clothing and footwear (-8.9 percent vs -4.1 percent) and communication (-14.2 percent vs -13.8 percent). On the other hand, prices continued to rise for miscellaneous goods and services (1.4 percent vs 1.1 percent) and health (1.7 percent vs 1 percent). On a monthly basis, consumer prices dropped 0.2 percent, compared to a 0.5 percent increase in October. Inflation Rate in Iceland averaged 5.12 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
2017-09-27 09:00 AM Inflation Rate YoY 1.4% 1.7% 1.9%
2017-10-27 09:00 AM Inflation Rate YoY 1.9% 1.4% 1.7%
2017-11-28 09:00 AM Inflation Rate YoY 1.7% 1.9% 2%
2017-12-21 09:00 AM Inflation Rate YoY 1.7% 1.8%
2018-01-27 09:00 AM Inflation Rate YoY
2018-02-27 09:10 AM Inflation Rate YoY


Iceland Prices Last Previous Highest Lowest Unit
Inflation Rate 1.70 1.90 25.20 -0.06 percent [+]
Harmonised Consumer Prices 99.20 98.70 102.90 42.80 Index Points [+]
Consumer Price Index CPI 446.00 446.70 446.70 4.00 Index Points [+]
Core Consumer Prices 251.20 251.80 251.80 100.00 Index Points [+]
Core Inflation Rate 1.74 2.07 18.16 1.09 percent [+]
GDP Deflator 179.66 176.06 179.66 3.24 Index Points [+]
Producer Prices 192.80 192.00 224.80 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 [+]
Producer Prices Change 0.50 -1.40 68.50 -12.40 percent [+]
Inflation Rate Mom -0.20 0.50 10.40 -1.50 percent [+]
CPI Housing Utilities 427.90 426.00 427.90 94.00 Index Points [+]
CPI Transportation 147.73 149.67 183.10 100.30 Index Points [+]
Food Inflation -1.40 -2.20 31.18 -6.45 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 December of 2017.

Actual Previous Highest Lowest Dates Unit Frequency
1.70 1.90 25.20 -0.06 1989 - 2017 percent Monthly
Jan 2008=100




inflation rate by Country
Country Last
Australia 1.80 Sep/17
Brazil 2.80 Nov/17
Canada 1.40 Oct/17
China 1.70 Nov/17
Euro Area 1.50 Nov/17
France 1.20 Nov/17
Germany 1.80 Nov/17
India 3.58 Oct/17
Indonesia 3.30 Nov/17
Italy 0.90 Nov/17
Japan 0.20 Oct/17
Mexico 6.63 Nov/17
Netherlands 1.50 Nov/17
Russia 2.50 Nov/17
South Korea 1.30 Nov/17
Spain 1.60 Nov/17
Switzerland 0.80 Nov/17
Turkey 12.98 Nov/17
United Kingdom 3.00 Oct/17
United States 2.00 Oct/17