Consumer prices in Iceland increased 0.4% month-on-month in July 2026, down from 0.9% in June. Inflation Rate MoM in Iceland averaged 0.92 percent from 1979 until 2026, reaching an all time high of 10.40 percent in March of 1983 and a record low of -1.50 percent in March of 1986. source: Statistics Iceland
Inflation Rate MoM in Iceland is expected to be 0.50 percent by the end of this quarter, according to Trading Economics global macro models and analysts expectations. In the long-term, the Iceland Inflation Rate MoM is projected to trend around 0.40 percent in 2027 and 0.30 percent in 2028, according to our econometric models.