The annual inflation rate in Iceland rose to 3.3% in April 2019 from 2.9% in the previous month. It is the highest inflation rate since January, as prices advanced faster for housing & utilities (4.1% vs 3.9% in March) and transport (5.8% vs 3.2%), mostly due to higher cost of international flights (9.1% vs -9.8%); gasoline (7.6% vs 6.3%) and diesel (9.9% vs 10.1%). Meanwhile, cost slowed for food & non-alcoholic beverages (3.9% vs 4.2%); miscellaneous goods & services (2.5% vs 3%); health (1.7% vs 1.9%) and alcoholic beverages & tobacco (18% vs 1.9%). On a monthly basis, consumer prices went up 0.4 percent, after increasing 0.5 percent in the prior month. Inflation Rate in Iceland averaged 5.01 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 2.90 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 2.70 percent in 2020, according to our econometric models.

Iceland Inflation Rate
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Calendar GMT Actual Previous Consensus TEForecast
2019-01-29 09:00 AM Inflation Rate YoY 3.4% 3.7% 3.4%
2019-02-27 09:00 AM Inflation Rate YoY 3% 3.4% 3.5%
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 3.3% 3.5%
2019-06-26 09:00 AM Inflation Rate YoY 2.9%
2019-07-22 09:00 AM Inflation Rate YoY 2.8%


Iceland Prices Last Previous Highest Lowest Unit
Inflation Rate 3.30 2.90 25.20 -0.06 percent [+]
Consumer Price Index CPI 467.00 465.30 467.00 4.00 Index Points [+]
Harmonised Consumer Prices 101.90 100.10 102.90 42.80 Index Points [+]
Core Consumer Prices 262.20 261.40 262.20 100.00 Index Points [+]
Core Inflation Rate 3.00 2.70 18.16 1.09 percent [+]
GDP Deflator 186.26 180.35 186.26 3.24 Index Points [+]
Producer Prices 208.80 207.30 224.80 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 8.20 5.60 68.50 -12.40 percent [+]
Inflation Rate Mom 0.40 0.50 10.40 -1.50 percent [+]
Food Inflation 3.90 4.20 31.18 -6.45 percent [+]
CPI Housing Utilities 454.30 454.10 454.30 94.00 Index Points [+]
CPI Transportation 158.28 153.91 183.10 100.30 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 May of 2019.

Actual Previous Highest Lowest Dates Unit Frequency
3.30 2.90 25.20 -0.06 1989 - 2019 percent Monthly
Jan 2008=100




Country Last Previous
Argentina 55.80 Apr/19
Australia 1.30 Mar/19
Brazil 4.94 Apr/19
Canada 2.00 Apr/19
China 2.50 Apr/19
Euro Area 1.70 Apr/19
France 1.30 Apr/19
Germany 2.00 Apr/19
India 2.92 Apr/19
Indonesia 2.83 Apr/19
Italy 1.10 Apr/19
Japan 0.50 Mar/19
Mexico 4.41 Apr/19
Netherlands 2.90 Apr/19
Russia 5.20 Apr/19
Saudi Arabia -1.90 Apr/19
Singapore 0.60 Mar/19
South Africa 4.50 Mar/19
South Korea 0.60 Apr/19
Spain 1.50 Apr/19
Switzerland 0.70 Apr/19
Turkey 19.50 Apr/19
United Kingdom 1.90 Mar/19
United States 2.00 Apr/19


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