Cost of food in Iceland increased 1.50 percent in August of 2021 over the same month in the previous year. source: Statistics Iceland

Food Inflation in Iceland averaged 3.71 percent from 1993 until 2021, reaching an all time high of 31.18 percent in December of 2008 and a record low of -6.45 percent in November of 1994. This page provides the latest reported value for - Iceland Food Inflation - plus previous releases, historical high and low, short-term forecast and long-term prediction, economic calendar, survey consensus and news. Iceland Food Inflation - values, historical data and charts - was last updated on October of 2021.

Food Inflation in Iceland is expected to be 4.80 percent by the end of this quarter, according to Trading Economics global macro models and analysts expectations. In the long-term, the Iceland Food Inflation is projected to trend around 3.80 percent in 2022, according to our econometric models.

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Iceland Food Inflation

Iceland Last Unit Reference Previous Highest Lowest
Inflation Rate 4.40 percent Sep/21 4.30 25.20 -0.06
Consumer Price Index CPI 508.20 points Sep/21 505.80 508.20 4.00
Core Inflation Rate 4.20 percent Sep/21 4.30 18.16 1.09
Core Consumer Prices 285.20 points Sep/21 284.00 285.20 100.00
GDP Deflator 114.59 points Dec/20 110.77 114.59 1.77
Producer Prices 246.90 points Aug/21 242.40 246.90 99.80
CPI Transportation 167.09 points Sep/21 167.91 183.10 100.30
CPI Housing Utilities 505.30 points Sep/21 500.20 505.30 94.00
Inflation Rate Mom 0.50 percent Sep/21 0.50 10.40 -1.50
Producer Prices Change 11.40 percent Aug/21 11.10 68.50 -12.40
Food Inflation 1.50 percent Aug/21 1.70 31.18 -6.45