The annual inflation rate in Faroe Islands eased to 0.7% in the second quarter of 2025 from 1.3% in the previous three-month period. It marked the lowest reading since the fourth quarter of 2020, as costs moderated for furnishings and household equipment (0.4% vs 3.0% in Q1) and recreation and culture (0.4% vs 0.5%). Additionally, prices continued to decline for clothing and footwear (-3.3% vs -2.7%), and transportation (-0.6% vs -0.1%). Prices also tumbled for housing & utilities (-4.9 vs 2.7%). In contrast, inflation increased for hotel and restaurants (7.2% vs 3.0%), communication (1.6% vs 1.1%), and food and non-alcoholic beverages (4.7% vs 4.6%). On a quarterly basis, consumer prices fell by 0.1%, reversing a 0.9% rise in the preceding quarter. source: Statistics Faroe Islands

Inflation Rate in Faroe Islands decreased to 0.70 percent in the second quarter of 2025 from 1.30 percent in the first quarter of 2025. Inflation Rate in Faroe Islands averaged 1.60 percent from 2002 until 2025, reaching an all time high of 10.10 percent in the fourth quarter of 2022 and a record low of -3.10 percent in the third quarter of 2009. This page provides - Faroe Islands Inflation Rate- actual values, historical data, forecast, chart, statistics, economic calendar and news. Faroe Islands Inflation Rate - data, historical chart, forecasts and calendar of releases - was last updated on September of 2025.

Inflation Rate in Faroe Islands decreased to 0.70 percent in the second quarter of 2025 from 1.30 percent in the first quarter of 2025. Inflation Rate in Faroe Islands is expected to be 1.50 percent by the end of this quarter, according to Trading Economics global macro models and analysts expectations. In the long-term, the Faroe Islands Inflation Rate is projected to trend around 2.00 percent in 2026, according to our econometric models.



Calendar GMT Reference Actual Previous Consensus TEForecast
2025-04-03 02:50 PM
Inflation Rate YoY
Q1 1.3% 0.8% 1.5%
2025-06-25 07:30 AM
Inflation Rate YoY
Q2 0.7% 1.3% 1.9%
2025-09-24 08:00 AM
Inflation Rate YoY
Q3 0.7% 1.5%


Related Last Previous Unit Reference
Consumer Price Index CPI 144.60 144.80 points Jun 2025
Food Inflation 4.70 4.60 percent Jun 2025
Inflation Rate YoY 0.70 1.30 percent Jun 2025
Inflation Rate MoM -0.10 0.90 percent Jun 2025

Faroe Islands Inflation Rate
In Faroe Islands, the most important categories in the consumer price index are food and non-alcoholic beverages (20 percent of total weight), housing and utilities (18 percent), transport (14 percent), and recreation and culture (11 percent). Miscellaneous goods and services account for 8 percent; furnishing and household equipment for 8 percent; and clothing and footwear for 6 percent. The index also includes: communication (5 percent); alcoholic beverages and tobacco (5 percent); restaurants and hotels (3 percent); and health (2 percent).
Actual Previous Highest Lowest Dates Unit Frequency
0.70 1.30 10.10 -3.10 2002 - 2025 percent Quarterly
NSA

News Stream
Faroe Islands Inflation Rate Lowest Since 2020
The annual inflation rate in Faroe Islands eased to 0.7% in the second quarter of 2025 from 1.3% in the previous three-month period. It marked the lowest reading since the fourth quarter of 2020, as costs moderated for furnishings and household equipment (0.4% vs 3.0% in Q1) and recreation and culture (0.4% vs 0.5%). Additionally, prices continued to decline for clothing and footwear (-3.3% vs -2.7%), and transportation (-0.6% vs -0.1%). Prices also tumbled for housing & utilities (-4.9 vs 2.7%). In contrast, inflation increased for hotel and restaurants (7.2% vs 3.0%), communication (1.6% vs 1.1%), and food and non-alcoholic beverages (4.7% vs 4.6%). On a quarterly basis, consumer prices fell by 0.1%, reversing a 0.9% rise in the preceding quarter.
2025-06-25
Faroe Islands Inflation Rate at Almost 4-Year Low
The annual inflation rate in Faroe Islands eased further to 0.8% in the fourth quarter of 2024, from a 1.7% rise in the previous three month period. It marked the lowest inflation rate since the first quarter of 2021, as prices declined for housing & utilities (-2.7% vs 3.2% in Q3), health (-0.1% vs 2.6%), and transport (-0.1% vs 2.1%). Additionally, costs moderated for food & non-alcoholic beverages (4.1% vs 4.2%), education (0.4% vs 0.5%), and restaurants & hotels (1.6% vs 5.3%). Meanwhile, inflation increased for furnishings & household equipment (2.7% vs -0.1%) and recreation & culture (0.3% vs -2.3%). On a quarterly basis, consumer prices rose by 0.1%, rebounding from a 0.2% fall in the preceding quarter.
2025-01-09
Faroe Islands Inflation Rate Lowest Since 2021
The annual inflation rate in Faroe Islands eased to 1.7% in the third quarter of 2024, from a 3% rise in the previous three month period. It marked the lowest inflation rate since the first quarter of 2021, as prices slowed for housing & utilities (3.2% vs 9.2% in Q2), transport (2.1% vs 3.7%), and education (0.5% vs 4.6%). Moreover, costs tumbled for clothing & footwear (-3.5% vs 0.7%) and recreation & culture (-2.3% vs 0.2%). Meanwhile, inflation increased for alcoholic beverages (2.6% vs 0.7%), health (2.6% vs 0.8%), and restaurants & hotels (7.9% vs 5.3%). On a quarterly basis, consumer prices dropped 0.3%, reversing from a 0.5% gain in the prior quarter.
2024-10-07