Cost of food in Iceland increased 10.10 percent in November of 2022 over the same month in the previous year. source: Statistics Iceland

Food Inflation in Iceland averaged 3.79 percent from 1993 until 2022, 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 December of 2022.

Food Inflation in Iceland is expected to be 8.80 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 3.00 percent in 2023 and 3.80 percent in 2024, according to our econometric models.

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Iceland Food Inflation

Related Last Previous Unit Reference
Inflation Rate 9.30 9.40 percent Nov 2022
Consumer Price Index CPI 560.90 559.30 points Nov 2022
Core Inflation Rate 8.52 8.58 percent Nov 2022
Core Consumer Prices 311.90 311.20 points Nov 2022
GDP Deflator 121.25 114.60 points Dec 2021
Producer Prices 285.60 290.80 points Oct 2022
Inflation Rate MoM 0.30 0.70 percent Nov 2022
Food Inflation 10.10 9.60 percent Nov 2022
CPI Transportation 184.48 185.92 points Nov 2022
CPI Housing Utilities 588.90 584.60 points Nov 2022
Producer Prices Change 7.00 13.60 percent Oct 2022