The annual inflation rate in Iceland advanced to 5.1 percent in December of 2021 from 4.8 percent in the previous month. It was the highest reading since June of 2012, amid rising prices of housing and utilities (9.3 percent vs 9 percent in November), transportation (7.2 percent vs 6.7 percent) and food and non-alcoholic beverages (2.9 percent vs 1.7 percent). Meanwhile, inflation was steady for hotels, cafes, and restaurants (at 4.5 percent) and alcoholic beverages and tobacco (at 2.5 percent). On the other hand, prices slowed for clothing and footwear (1.4 percent vs 2.6 percent), healthcare (1.5 percent vs 1.7 percent) and furnishing and household equipment (0.2 percent vs 1.2 percent). On a monthly basis, consumer prices advanced 0.45 percent, edging up from a 0.4 percent uptick in the prior month. source: Statistics Iceland
Inflation Rate in Iceland averaged 4.89 percent from 1989 until 2021, 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. This page provides - Iceland Inflation Rate - actual values, historical data, forecast, chart, statistics, economic calendar and news. Iceland Inflation Rate - data, historical chart, forecasts and calendar of releases - was last updated on January of 2022.
Inflation Rate in Iceland is expected to be 5.30 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 is projected to trend around 2.30 percent in 2022 and 2.70 percent in 2023, according to our econometric models.