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

Consumer prices in Iceland increased 1.6 percent year-on-year in March of 2017, slowing from a 1.9 percent rise in each of the previous three months. It is the lowest inflation rate since August as prices fell faster for food and non-alcoholic beverages (-1.6 percent compared to -0.5 percent in February) and transport (-4.2 percent from -1.8 percent), shrugging off higher housing and utilities cost (10.8 percent compared to 10 percent). On a monthly basis, consumer prices edged up 0.1 percent, easing from a 0.7 percent rise in February. Inflation Rate in Iceland averaged 5.21 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)
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 1.6% 1.9% 2.1%
2017-04-27 09:00 AM Apr 1.6% 1.8%
2017-05-29 09:00 AM May 1.43%
2017-06-29 09:00 AM Jun 1.38%




Iceland Prices Last Previous Highest Lowest Unit
Inflation Rate 1.60 1.90 25.20 -0.06 percent [+]
Harmonised Consumer Prices 98.50 99.10 102.90 42.80 Index Points [+]
Consumer Price Index CPI 439.90 439.60 439.90 4.00 Index Points [+]
Core Consumer Prices 247.60 247.00 247.60 100.00 Index Points [+]
Core Inflation Rate 1.60 1.73 18.16 1.09 percent [+]
GDP Deflator 179.66 176.06 179.66 3.24 Index Points [+]
Producer Prices 188.30 191.10 224.80 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 151.49 154.12 183.10 100.30 Index Points [+]
Food Inflation -1.60 -0.50 31.18 -6.45 percent [+]
Inflation Rate Mom 0.10 0.70 10.40 -1.50 percent [+]
Producer Prices Change -5.50 -5.30 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 April of 2017.

Actual Previous Highest Lowest Dates Unit Frequency
1.60 1.90 25.20 -0.06 1989 - 2017 percent Monthly
Jan 2008=100



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