The annual inflation rate in Iceland edged up to 4.4 percent in September of 2021, slightly higher than the 4.3 percent from the previous month. Prices rose faster for housing and utilities (7.6 percent vs 6.5 percent in July), food and non-alcoholic beverages (1.9 percent vs 1.5 percent), clothing and footwear (2.4 percent vs unchanged) and educational services (1.6 percent vs 1.5 percent), while inflation was slower for transportation (5.9 percent vs 6.6 percent), and recreation and culture (2.4 percent vs 2.5 percent). Consumer prices remained unchanged furnishing (from 5 percent) and lowered further for communications (-6.1 percent vs -3.9 percent). On a monthly basis, inflation edged up 0.5 percent, the same rate as July. source: Statistics Iceland

Inflation Rate in Iceland averaged 4.89 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 October of 2021.

Inflation Rate in Iceland is expected to be 4.50 percent by the end of this quarter, according to Trading Economics global macro models and analysts expectations. In the long-term, the Iceland Inflation Rate is projected to trend around 2.30 percent in 2022 and 2.70 percent in 2023, according to our econometric models.

Ok
Trading Economics members can view, download and compare data from nearly 200 countries, including more than 20 million economic indicators, exchange rates, government bond yields, stock indexes and commodity prices.

The Trading Economics Application Programming Interface (API) provides direct access to our data. It allows API clients to download millions of rows of historical data, to query our real-time economic calendar, subscribe to updates and receive quotes for currencies, commodities, stocks and bonds.

Please Paste this Code in your Website
width
height
Iceland Inflation Rate


Calendar GMT Actual Previous Consensus TEForecast
2021-06-29 09:00 AM Jun 4.3% 4.4% 5%
2021-07-23 09:00 AM Jul 4.3% 4.3% 4.2%
2021-08-30 09:00 AM Aug 4.3% 4.3% 4.5%
2021-09-28 09:00 AM Sep 4.4% 4.3% 4.5%
2021-10-27 09:00 AM Oct 4.4%
2021-11-25 09:00 AM Nov
2021-12-21 09:00 AM Dec


News Stream
Iceland September Inflation Rate Rises to 4.4%
The annual inflation rate in Iceland edged up to 4.4 percent in September of 2021, slightly higher than the 4.3 percent from the previous month. Prices rose faster for housing and utilities (7.6 percent vs 6.5 percent in July), food and non-alcoholic beverages (1.9 percent vs 1.5 percent), clothing and footwear (2.4 percent vs unchanged) and educational services (1.6 percent vs 1.5 percent), while inflation was slower for transportation (5.9 percent vs 6.6 percent), and recreation and culture (2.4 percent vs 2.5 percent). Consumer prices remained unchanged furnishing (from 5 percent) and lowered further for communications (-6.1 percent vs -3.9 percent). On a monthly basis, inflation edged up 0.5 percent, the same rate as July.
2021-09-28
Iceland August Inflation Rate Remains Unchanged at 4.3%
The annual inflation rate in Iceland came in at 4.3 percent in August of 2021, the same as in each of the previous 2 months. Prices rose faster for housing & utilities (6.5 percent vs 6.3 percent in July), furnishing (5.0 percent vs 4.0 percent), recreation & culture (2.5 percent vs 2.4 percent), and hotels & restaurants (4.3 percent vs 3.5 percent). On the other hand, costs slowed for food & non-alcoholic beverages (1.5 percent vs 1.7 percent), transport (6.6 percent vs 7.0 percent), clothing & footwear (0.0 percent vs 2.7 percent), education (1.5 percent vs 2.0 percent) and miscellaneous goods & services (3.9 percent vs 4.2 percent). On a monthly basis, consumer prices edged up 0.5 percent, followed by a 0.2 percent increase in July.
2021-08-30
Iceland June Inflation Rate Steady at 4.3%
The annual inflation rate in Iceland came in at 4.3 percent in June of 2021, unchanged from the previous month. Prices rose faster for transport (7.0 percent vs 5.7 percent in May), housing & utilities (6.3 percent vs 5.6 percent) and furnishing (4.0 percent vs 3.6 percent). In contrast, inflation slowed for food & non-alcoholic beverages (1.7 percent vs 2.7 percent), clothing & footwear (2.7 percent vs 4.6 percent) and miscellaneous goods & services (4.2 percent vs 4.9 percent). On a monthly basis, consumer prices went up 0.3 percent, followed by a 0.2 percent rise in the prior month.
2021-07-23
Iceland Annual Inflation Rate Eases in May
The annual inflation rate in Iceland eased to 4.4 percent in May of 2021 from 4.6 percent in the prior month, driven by softer price increases in food & non-alcoholic beverages (4.1 percent vs 5.8 percent in April), transports (4.8 percent vs 5.5 percent), hotels, cafés & restaurants (3.0 percent vs 3.2 percent) and clothing & footwear (4.4 percent vs 4.5 percent). Meanwhile, inflation quickened for housing & utilities (5.3 percent vs 4.1 percent) and for miscellaneous goods & services (5.1 percent vs 4.4 percent). On a monthly basis, consumer prices went up 0.42 percent, easing from a 0.71 percent increase in the prior month.
2021-05-27

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


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.