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

Consumer prices in Iceland increased 1.9 percent year-on-year in February of 2017, the same pace as in the previous two months. Cost increased faster faster for housing and utilities (10 percent vs 9.6 percent in January) but went up at a slower pace for hotels ans restaurants (5 percent vs 5.4 percent) and miscellaneous goods and services (2.2 percent vs 2.5 percent). In addition, prices fell less for transport (-1.8 percent vs -3.8 percent) and food and non-alcoholic beverages (-0.5 percent vs -0.6 percent). Meanwhile, cost went down for recreation and culture (-0.7 percent vs 0.1 percent). On a monthly basis, prices rose 0.7 percent after a 0.6 percent drop in January. Inflation Rate in Iceland averaged 5.22 percent from 1989 until 2017, 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)
2016-12-22 09:05 AM Dec 1.9% 2.1% 2.2%
2017-01-27 09:00 AM Jan 1.9% 1.9% 2.1%
2017-02-27 09:10 AM Feb 1.9% 1.9% 2.1%
2017-03-28 09:00 AM Mar 1.9% 2.1%
2017-04-27 09:00 AM Apr 1.86%
2017-05-29 09:00 AM May 1.86%




Iceland Prices Last Previous Highest Lowest Unit
Inflation Rate 1.90 1.90 25.20 -0.06 percent [+]
Harmonised Consumer Prices 99.10 98.50 102.90 42.80 Index Points [+]
Consumer Price Index CPI 439.60 436.50 439.60 4.00 Index Points [+]
Core Consumer Prices 247.00 245.20 247.20 100.00 Index Points [+]
Core Inflation Rate 1.73 1.87 18.16 1.09 percent [+]
GDP Deflator 179.66 176.06 179.66 3.24 Index Points [+]
Producer Prices 191.10 189.60 224.80 99.80 Index Points [+]
Export Prices 194.44 216.01 221.28 0.03 Index Points [+]
Import Prices 208.16 236.74 262.20 0.04 Index Points [+]
Cpi Transportation 154.12 153.45 183.10 100.30 Index Points [+]
Food Inflation -0.50 -0.60 31.18 -6.45 percent [+]
Inflation Rate Mom 0.70 -0.60 10.40 -1.50 percent [+]
Producer Prices Change -5.30 -6.10 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 March of 2017.

Actual Previous Highest Lowest Dates Unit Frequency
1.90 1.90 25.20 -0.06 1989 - 2017 percent Monthly
Jan 2008=100



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Cyprus 1.70 Feb/17
Czech Republic 2.50 Feb/17
Denmark 1.00 Feb/17
Djibouti 2.40 Dec/16
Dominican Republic 3.34 Feb/17
East Timor 0.20 Feb/17
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Egypt 30.20 Feb/17
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Eritrea 12.50 Dec/15
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Ethiopia 7.00 Feb/17
Euro Area 2.00 Feb/17
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Finland 1.20 Feb/17
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Germany 2.20 Feb/17
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Greece 1.30 Feb/17
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Guinea Bissau 1.60 Dec/16
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Honduras 3.84 Feb/17
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Hungary 2.90 Feb/17
Iceland 1.90 Feb/17
India 3.65 Feb/17
Indonesia 3.83 Feb/17
Iran 10.60 Feb/17
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Ireland 0.50 Feb/17
Israel 0.40 Feb/17
Italy 1.60 Feb/17
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Japan 0.40 Jan/17
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Kyrgyzstan 1.30 Feb/17
Laos 2.27 Jan/17
Latvia 3.30 Feb/17
Lebanon 4.93 Feb/17
Lesotho 5.30 Dec/16
Liberia 8.50 Sep/16
Libya 29.40 Sep/16
Liechtenstein 0.60 Feb/17
Lithuania 3.00 Feb/17
Luxembourg 1.80 Feb/17
Macau 0.37 Feb/17
Macedonia 0.20 Feb/17
Madagascar 7.00 Dec/16
Malawi 16.10 Feb/17
Malaysia 4.50 Feb/17
Maldives 2.00 Jan/17
Mali -0.80 Dec/16
Malta 1.20 Feb/17
Mauritania 2.80 Dec/16
Mauritius 1.30 Feb/17
Mexico 4.86 Feb/17
Moldova 4.70 Feb/17
Mongolia 2.10 Feb/17
Montenegro 2.50 Feb/17
Morocco 1.60 Feb/17
Mozambique 20.88 Feb/17
Myanmar 11.19 Jun/16
Namibia 7.80 Feb/17
Nepal 3.20 Jan/17
Netherlands 1.80 Feb/17
New Caledonia 0.90 Jan/17
New Zealand 1.30 Dec/16
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Nigeria 17.78 Feb/17
North Korea 55.00 Jul/13
Norway 2.50 Feb/17
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Pakistan 4.22 Feb/17
Palestine 0.62 Feb/17
Panama 1.90 Feb/17
Papua New Guinea 6.80 Sep/16
Paraguay 2.30 Feb/17
Peru 3.25 Feb/17
Philippines 3.30 Feb/17
Poland 2.20 Feb/17
Portugal 1.60 Feb/17
Puerto Rico 0.70 Jan/17
Qatar 0.70 Feb/17
Republic of the Congo 3.70 Apr/15
Romania 0.20 Feb/17
Russia 4.60 Feb/17
Rwanda 13.40 Feb/17
Sao Tome and Principe 4.90 Feb/17
Saudi Arabia -0.10 Feb/17
Senegal 2.00 Feb/17
Serbia 3.20 Feb/17
Seychelles -0.60 Feb/17
Sierra Leone 15.26 Nov/16
Singapore 0.70 Feb/17
Slovakia 1.20 Feb/17
Slovenia 2.20 Feb/17
Somalia -4.00 Dec/14
South Africa 6.30 Feb/17
South Korea 1.90 Feb/17
South Sudan 479.70 Dec/16
Spain 3.00 Feb/17
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Switzerland 0.60 Feb/17
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Thailand 1.44 Feb/17
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Venezuela 800.00 Dec/16
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Zimbabwe 0.06 Feb/17