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.