The annual inflation rate in Iceland increased to 2.8 percent in October 2018 from 2.7 percent in the previous month. It was the highest inflation rate since March, as prices rose faster for housing & utilities (5.0 percent vs 4.7 percent in September) and transport (3.1 percent vs 2.5 percent). Also, cost edged up for recreation & culture (0.3 percent, after being flat in September) and alcoholic beverages & tobacco (3.0 percent vs 2.7 percent). On the other hand, inflation softened for: food & non-alcoholic beverages (4.1 percent vs 4.1 percent); miscellaneous goods & services (1.7 percent vs 2.1 percent); restaurants & hotels (2.2 percent vs 2.4 percent); furnishings (0.8 percent vs 1.5 percent) and health (0.8 percent vs 1.0 percent). On a monthly basis, consumer prices inched up 0.6 percent, after a 0.2 percent gain in September. Inflation Rate in Iceland averaged 5.04 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
2018-08-30 09:00 AM Inflation Rate YoY 2.6% 2.7% 2.8%
2018-09-27 09:00 AM Inflation Rate YoY 2.7% 2.6% 2.7%
2018-10-29 09:00 AM Inflation Rate YoY 2.8% 2.7% 2.9%
2018-11-29 09:00 AM Inflation Rate YoY 2.8% 2.8%
2018-12-20 09:00 AM Inflation Rate YoY 2.9%


Iceland Prices Last Previous Highest Lowest Unit
Inflation Rate 2.80 2.70 25.20 -0.06 percent [+]
Harmonised Consumer Prices 100.10 99.90 102.90 42.80 Index Points [+]
Consumer Price Index CPI 459.40 456.80 459.40 4.00 Index Points [+]
Core Consumer Prices 257.50 256.20 257.50 100.00 Index Points [+]
Core Inflation Rate 2.30 2.10 18.16 1.09 percent [+]
GDP Deflator 180.35 179.66 180.35 3.24 Index Points [+]
Producer Prices 202.50 199.30 224.80 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 5.50 6.70 68.50 -12.40 percent [+]
Inflation Rate Mom 0.60 0.20 10.40 -1.50 percent [+]
Food Inflation 4.10 5.10 31.18 -6.45 percent [+]
CPI Housing Utilities 447.40 445.50 447.40 94.00 Index Points [+]
CPI Transportation 153.84 152.05 183.10 100.30 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 November of 2018.

Actual Previous Highest Lowest Dates Unit Frequency
2.80 2.70 25.20 -0.06 1989 - 2018 percent Monthly
Jan 2008=100




Country Last
Argentina 45.50 Oct/18
Australia 1.90 Sep/18
Brazil 4.56 Oct/18
Canada 2.20 Sep/18
China 2.50 Oct/18
Euro Area 2.20 Oct/18
France 2.20 Oct/18
Germany 2.50 Oct/18
India 3.31 Oct/18
Indonesia 3.16 Oct/18
Italy 1.60 Oct/18
Japan 1.20 Sep/18
Mexico 4.90 Oct/18
Netherlands 2.10 Oct/18
Russia 3.50 Oct/18
Saudi Arabia 2.10 Sep/18
Singapore 0.70 Sep/18
South Africa 4.90 Sep/18
South Korea 2.00 Oct/18
Spain 2.30 Oct/18
Switzerland 1.10 Oct/18
Turkey 25.24 Oct/18
United Kingdom 2.40 Oct/18
United States 2.50 Oct/18


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