Iceland Inflation Rate  1989-2017 | Data | Chart | Calendar | Forecast

Consumer prices in Iceland rose 1.9 percent year-on-year in December of 2016, following a 2.1 percent increase in November. Prices went up at a slower pace for: hotels and restaurants (+5.4 percent compared to +5.8 percent in November); miscellaneous goods and services (+3 percent from +3.3 percent); alcoholic beverages (+1.8 percent from +2 percent) and recreation and culture (+0.1 percent from +0.6 percent). Also, cost fell for food and non-alcoholic beverages (-0.1 percent from +0.1 percent); clothing and footwear (-5.2 percent from -3.5 percent); furnishing (-3 from -0.6 percent) and transport (-3 percent from -2.6 percent). Meanwhile, prices accelerated for housing and utilities (+9.2 percent compared to +8.6 percent) and health (+1.5 percent from +1.3 percent). On a monthly basis, prices edged up 0.1 percent. Inflation Rate in Iceland averaged 5.24 percent from 1989 until 2016, 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.

Iceland Inflation Rate
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Calendar GMT Reference Actual Previous Consensus Forecast (i)
2016-10-27 09:00 AM Oct 1.8% 1.8% 1.6%
2016-11-25 09:00 AM Nov 2.1% 1.8% 1.9%
2016-12-22 09:05 AM Dec 1.9% 2.1% 2.2%
2017-01-27 09:00 AM Jan 1.9% 2.1%
2017-02-27 09:00 AM Feb 1.66%
2017-03-28 09:00 AM Mar 1.58%




Iceland Prices Last Previous Highest Lowest Unit
Inflation Rate 1.90 2.10 25.20 -0.06 percent [+]
Harmonised Consumer Prices 99.80 99.70 102.90 42.80 Index Points [+]
Consumer Price Index CPI 439.00 438.40 439.00 4.00 Index Points [+]
Core Consumer Prices 247.20 246.90 247.20 100.00 Index Points [+]
Core Inflation Rate 2.04 2.45 18.16 1.09 percent [+]
GDP Deflator 171.98 162.43 171.98 3.24 Index Points [+]
Producer Prices 190.10 191.80 224.80 99.80 Index Points [+]
Export Prices 216.01 211.91 221.28 0.03 Index Points [+]
Import Prices 236.74 247.95 262.20 0.04 Index Points [+]
Cpi Transportation 156.79 155.92 183.10 100.30 Index Points [+]
Food Inflation -0.10 0.10 31.18 -6.45 percent [+]
Inflation Rate Mom 0.10 0.00 10.40 -1.50 percent [+]
Producer Prices Change -7.00 -5.80 68.50 -12.30 percent [+]



Iceland Inflation Rate Notes

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 January of 2017.

Actual Previous Highest Lowest Dates Unit Frequency
1.90 2.10 25.20 -0.06 1989 - 2016 percent Monthly
Jan 2008=100



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