The annual inflation rate in Iceland edgd up to 5.2% year-on-year in June 2026 from 5.1% in the previous month. Upward price pressures were primarily driven by transport (9.9% vs. 7.9%), information and communication (3.6% vs 2.9%), recreation, sport and culture (2.8% vs 2.7%), while furnishings and household equipment prices rebounded by 0.2% after a 0.4% decline in the previous month. Inflation in educational services stood at 4.2%. At the same time, price growth eased for food and non-alcoholic beverages (3.9% vs 4.2%), housing and utilities (6.5% vs 6.6%), restaurants and accommodation services (4.6% vs 5.1%), health (4.1% vs 4.4%), insurance and financial services (3.9% vs 4.1%) and alcoholic beverages and tobacco (3.3% vs 3.5%). Meanwhile, clothing and footwear prices reversed course, falling 1.2% after rising 0.9% in May. On a monthly basis, consumer prices rose 0.9% in June, the fastest increase in four months, accelerating from the 0.1% rise recorded in May. source: Statistics Iceland

Inflation Rate in Iceland increased to 5.20 percent in June from 5.10 percent in May of 2026. Inflation Rate in Iceland averaged 5.09 percent from 1989 until 2026, 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 June of 2026.

Inflation Rate in Iceland increased to 5.20 percent in June from 5.10 percent in May of 2026. Inflation Rate in Iceland is expected to be 4.70 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 2.60 percent in 2027 and 2.50 percent in 2028, according to our econometric models.



Calendar GMT Reference Actual Previous Consensus TEForecast
2026-05-28 09:00 AM
Inflation Rate YoY
May 5.1% 5.2% 6.0%
2026-06-26 09:00 AM
Inflation Rate YoY
Jun 5.2% 5.1% 4.7%
2026-07-23 09:00 AM
Inflation Rate YoY
Jul 5.2%


Related Last Previous Unit Reference
CPI 690.70 684.30 points Jun 2026
Core Consumer Prices 104.80 103.80 points Jun 2026
Core Inflation Rate 6.50 6.50 percent Jun 2026
CPI Housing Utilities 102.80 102.30 points Jun 2026
CPI Transportation 110.80 107.30 points Jun 2026
Food Inflation 3.90 4.20 percent Jun 2026
GDP Deflator 141.86 138.70 points Dec 2025
Inflation Rate YoY 5.20 5.10 percent Jun 2026
Inflation Rate MoM 0.90 0.10 percent Jun 2026
Producer Prices 340.80 334.20 points May 2026
PPI YoY 16.80 12.00 percent May 2026


Iceland Inflation Rate
In Iceland, the most important categories in the consumer price index are housing and utilities (29 percent of total weight); transport (15 percent); and food and non-alcoholic beverages (15 percent). The index also includes: recreation and culture (10 percent); miscellaneous goods and services (7 percent); and furnishings and household equipment (7 percent). Hotels, cafes and restaurants, health, clothing and footwear, alcoholic beverages and tobacco, communication and education account for the remaining 17 percent of total weight.
Actual Previous Highest Lowest Dates Unit Frequency
5.20 5.10 25.20 -0.06 1989 - 2026 percent Monthly
1988M5=100, NSA

News Stream
Iceland Inflation Rate Edged Up
The annual inflation rate in Iceland edgd up to 5.2% year-on-year in June 2026 from 5.1% in the previous month. Upward price pressures were primarily driven by transport (9.9% vs. 7.9%), information and communication (3.6% vs 2.9%), recreation, sport and culture (2.8% vs 2.7%), while furnishings and household equipment prices rebounded by 0.2% after a 0.4% decline in the previous month. Inflation in educational services stood at 4.2%. At the same time, price growth eased for food and non-alcoholic beverages (3.9% vs 4.2%), housing and utilities (6.5% vs 6.6%), restaurants and accommodation services (4.6% vs 5.1%), health (4.1% vs 4.4%), insurance and financial services (3.9% vs 4.1%) and alcoholic beverages and tobacco (3.3% vs 3.5%). Meanwhile, clothing and footwear prices reversed course, falling 1.2% after rising 0.9% in May. On a monthly basis, consumer prices rose 0.9% in June, the fastest increase in four months, accelerating from the 0.1% rise recorded in May.
2026-06-26
Iceland Inflation Rate at 5-Month Low
The annual inflation rate in Iceland eased to 5.1% year-on-year in May 2026 from 5.2% in the previous month, marking the lowest reading since December 2025. Price pressures eased across several categories, including housing and utilities (6.6% vs. 6.7% in April), food and non-alcoholic beverages (4.2% vs. 4.9%), recreation, sports and culture (2.7% vs. 3.0%), restaurants and accommodation services (5.1% vs. 5.4%), information and communication (2.9% vs. 3.4%), health (4.4% vs. 4.5%), and alcoholic beverages and tobacco (3.5% vs. 3.6%). At the same time, deflation deepened slightly for furnishings, household equipment, and routine household maintenance (-0.4% vs. -0.2%). By contrast, inflation accelerated in transportation (7.9% vs. 7.6%) and personal care, social protection, and miscellaneous goods and services (6.6% vs. 5.3%). On a monthly basis, consumer prices slowed by 0.1% in May from a 0.8% increase in the prior month.
2026-05-28
Iceland Inflation Rate Eases to 5.2% in April
The annual inflation rate in Iceland eased to 5.2% year-on-year in April 2026 from an 18-month high of 5.4% in the previous month. Price growth slowed across several categories, including housing and utilities (6.7% vs 6.9% in March), food and non-alcoholic beverages (4.9% vs 5.8%), recreation, sports and culture (3% vs 3.6%), restaurants and accommodation services (5.4% vs 5.8%), clothing and footwear (1.4% vs 2.3%), and alcoholic beverages, tobacco and narcotics (3.6% vs 3.7%). At the same time, prices for furnishings, household equipment and routine household maintenance fell to 0.2% after remaining unchanged in March. Meanwhile, inflation rose in transport (7.6% vs 6.1%), information and communication (3.4% vs 2.5%), health (4.5% vs 4.4%), personal care, social protection and miscellaneous goods and services (5.3% vs 5.2%), and education (4.2% vs 3.9%). On a monthly basis, consumer prices edged up 0.8% in April, following a 0.6% rise in the previous month.
2026-04-29