Iceland Inflation Rate  1989-2016 | Data | Chart | Calendar | Forecast

Consumer prices in Iceland rose 2.1 percent year-on-year in November of 2016, following a 1.8 percent increase in October. It was the highest inflation rate since February, mainly driven by prices of housing and utilities (+8.6 percent from +8.0 percent in October); alcoholic beverages (+0.6 percent from +0.5 percent) and health (+1.3 percent from +1.9 percent). Meanwhile, cost of food and non-alcoholic beverages was flat and prices fell for clothing and footwear (-3.5 percent from -5.5 percent); transport (-2.6 percent from -2.7 percent) and communications (-15.8 percent from -17.5 percent). On a monthly basis, consumer prices were flat. Inflation Rate in Iceland averaged 5.25 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)
2016-09-29 09:00 AM Sep 1.8% 0.9% 1%
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 10:00 AM Dec 2.1% 1.6%
2017-01-27 09:00 AM Jan 2.27%
2017-02-24 09:00 AM Feb 2.31%




Iceland Prices Last Previous Highest Lowest Unit
Inflation Rate 2.10 1.80 25.20 -0.06 percent [+]
Harmonised Consumer Prices 100.30 101.40 102.90 42.80 Index Points [+]
Consumer Price Index CPI 438.40 438.50 438.50 4.00 Index Points [+]
Core Consumer Prices 246.90 246.70 246.90 100.00 Index Points [+]
Core Inflation Rate 2.10 2.15 18.16 1.09 percent [+]
GDP Deflator 171.98 162.43 171.98 3.24 Index Points [+]
Producer Prices 191.80 194.70 224.80 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 155.92 157.88 183.10 100.30 Index Points [+]
Food Inflation 0.10 0.00 31.18 -6.45 percent [+]
Inflation Rate Mom 0.00 0.00 10.40 -1.50 percent [+]
Producer Prices Change -5.80 -5.50 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 December of 2016.

Actual Previous Highest Lowest Dates Unit Frequency
2.10 1.80 25.20 -0.06 1989 - 2016 percent Monthly
Jan 2008=100



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Libya 27.40 Jun/16
Liechtenstein -0.30 Nov/16
Lithuania 1.00 Nov/16
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Malawi 20.10 Oct/16
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Russia 5.80 Nov/16
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