Core consumer prices in Iceland increased 2.10 percent in December of 2019 over the same month in the previous year. Core Inflation Rate in Iceland averaged 4.52 percent from 1998 until 2019, reaching an all time high of 18.16 percent in January of 2009 and a record low of 1.09 percent in September of 1998.

Core Inflation Rate in Iceland is expected to be 2.70 percent by the end of this quarter, according to Trading Economics global macro models and analysts expectations. Looking forward, we estimate Core Inflation Rate in Iceland to stand at 2.70 in 12 months time. In the long-term, the Iceland Core Inflation Rate is projected to trend around 2.80 percent in 2020, according to our econometric models.


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Iceland Core Inflation Rate

Actual Previous Highest Lowest Dates Unit Frequency
2.10 2.70 18.16 1.09 1998 - 2019 percent Monthly


Iceland Core Inflation Rate
In Iceland, the core inflation rate tracks changes in prices that consumers pay for a basket of goods which excludes some volatile price items.

Iceland Prices Last Previous Highest Lowest Unit
Inflation Rate 2.00 2.70 25.20 -0.06 percent [+]
Consumer Price Index CPI 473.30 472.80 473.30 4.00 points [+]
Harmonised Consumer Prices 101.60 100.90 104.50 42.80 points [+]
Core Consumer Prices 266.00 265.50 266.00 100.00 points [+]
Core Inflation Rate 2.10 2.70 18.16 1.09 percent [+]
GDP Deflator 187.39 182.52 187.39 3.24 points [+]
Producer Prices 209.00 211.40 224.80 99.80 points [+]
Export Prices 202.40 187.47 221.28 0.03 points [+]
Import Prices 221.68 197.40 262.20 0.04 points [+]
Producer Prices Change -3.30 1.10 68.50 -12.40 percent [+]
Inflation Rate Mom 0.10 0.10 10.40 -1.50 percent [+]
Food Inflation 1.00 2.50 31.18 -6.45 percent [+]
CPI Housing Utilities 461.80 463.10 463.10 94.00 points [+]
CPI Transportation 156.91 155.54 183.10 100.30 points [+]