The annual inflation rate in Iceland increased to 4.3 percent in March of 2021 from 4.1 percent in the prior month, staying close to levels not seen since 2013. Main upward pressure came from prices for transport (5.9 percent vs 3.5 percent in February) and housing & utilities (2.9 percent vs 2.8 percent). Meanwhile prices eased for furnishing & household equipment (9.2 percent vs 9.4 percent); clothing & footwear (3.8 percent vs 6 percent); food & non-alcoholic beverages (6 percent vs 6.5 percent) and recreation & culture (3.2 percent vs 3.6 percent). On a monthly basis, consumer prices went up 0.49 percent, after increasing 0.69 percent in the prior month. source: Statistics Iceland
Inflation Rate in Iceland averaged 4.90 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 April of 2021.
Inflation Rate in Iceland is expected to be 3.70 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 2.60 in 12 months time. In the long-term, the Iceland Inflation Rate is projected to trend around 2.50 percent in 2022 and 2.30 percent in 2023, according to our econometric models.