Consumer prices in Iceland increased 3.3 year-on-year in June 2019, slightly below the 3.6 percent rise in the previous month. Cost slowed for housing & utilities (4.0 percent vs 4.5 percent in May); transport (5.0 percent vs 6.0 percent); food & non-alcoholic beverages (4.7 percent vs 4.8 percent); restaurants & hotels (0.9 percent vs 2.8 percent) and for clothing & footwear (2.1 percent vs 2.8 percent). On the other hand, prices advanced faster for recreation & culture (2.1 percent vs 1.5 percent); miscellaneous goods & services (3.2 percent vs 2.5 percent); furniture & household equipment (4.0 percent vs 1.7 percent); health (1.7 percent vs 1.5 percent) and alcoholic beverages & tobacco (2.0 percent vs 1.7 percent). On a monthly basis, consumer prices went up 0.4 percent, following a 0.2 percent rise in May. Inflation Rate in Iceland averaged 5 percent from 1989 until 2019, 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.

Inflation Rate in Iceland is expected to be 3.30 percent by the end of this quarter, according to Trading Economics global macro models and analysts expectations. Looking forward, we estimate Inflation Rate in Iceland to stand at 2.80 in 12 months time. In the long-term, the Iceland Inflation Rate is projected to trend around 2.30 percent in 2020, according to our econometric models.

Iceland Inflation Rate
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Calendar GMT Actual Previous Consensus TEForecast
2019-03-27 09:00 AM Inflation Rate YoY 2.9% 3% 3.1%
2019-04-29 09:00 AM Inflation Rate YoY 3.3% 2.9% 2.8%
2019-05-28 09:00 AM Inflation Rate YoY 3.6% 3.3% 3.4%
2019-06-26 09:00 AM Inflation Rate YoY 3.3% 3.6% 3.3%
2019-07-22 09:00 AM Inflation Rate YoY 3.3% 3.2%
2019-08-29 09:00 AM Inflation Rate YoY 3.4%
2019-09-27 09:00 AM Inflation Rate YoY 3.3%


Iceland Prices Last Previous Highest Lowest Unit
Inflation Rate 3.30 3.60 25.20 -0.06 percent [+]
Consumer Price Index CPI 469.80 468.00 469.80 4.00 Index Points [+]
Harmonised Consumer Prices 101.90 101.90 102.90 42.80 Index Points [+]
Core Consumer Prices 263.40 262.40 263.40 100.00 Index Points [+]
Core Inflation Rate 3.10 3.30 18.16 1.09 percent [+]
GDP Deflator 186.26 180.35 186.26 3.24 Index Points [+]
Producer Prices 212.60 209.90 224.80 99.80 Index Points [+]
Export Prices 202.40 187.47 221.28 0.03 Index Points [+]
Import Prices 221.68 197.40 262.20 0.04 Index Points [+]
Producer Prices Change 7.80 10.20 68.50 -12.40 percent [+]
Inflation Rate Mom 0.40 0.20 10.40 -1.50 percent [+]
Food Inflation 4.70 4.80 31.18 -6.45 percent [+]
CPI Housing Utilities 457.00 455.50 457.00 94.00 Index Points [+]
CPI Transportation 159.35 158.38 183.10 100.30 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 July of 2019.

Actual Previous Highest Lowest Dates Unit Frequency
3.30 3.60 25.20 -0.06 1989 - 2019 percent Monthly
Jan 2008=100




Country Last Previous
Argentina 57.30 May/19
Australia 1.30 Mar/19
Brazil 3.37 Jun/19
Canada 2.40 May/19
China 2.70 Jun/19
Euro Area 1.20 Jun/19
France 1.20 Jun/19
Germany 1.60 Jun/19
India 3.18 Jun/19
Indonesia 3.28 Jun/19
Italy 0.80 Jun/19
Japan 0.70 May/19
Mexico 3.95 Jun/19
Netherlands 2.70 Jun/19
Russia 4.70 Jun/19
Saudi Arabia -1.50 May/19
Singapore 0.90 May/19
South Africa 4.50 May/19
South Korea 0.70 Jun/19
Spain 0.40 Jun/19
Switzerland 0.60 Jun/19
Turkey 15.72 Jun/19
United Kingdom 2.00 May/19
United States 1.60 Jun/19


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