Consumer prices in the Faroe Islands fell to 0.2% in the first quarter of 2026, reversing a 0.7% increase in the previous quarter. This marked the lowest reading since Q4 2020. On a quarterly basis, consumer prices edged up 0.1% in Q1, rebounding from a 0.4% decline in the previous quarter. source: Statistics Faroe Islands

Inflation Rate in Faroe Islands decreased to -0.20 percent in the first quarter of 2026 from 0.70 percent in the fourth quarter of 2025. Inflation Rate in Faroe Islands averaged 1.56 percent from 2002 until 2026, 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 April of 2026.

Inflation Rate in Faroe Islands decreased to -0.20 percent in the first quarter of 2026 from 0.70 percent in the fourth quarter of 2025. Inflation Rate in Faroe Islands is expected to be 1.20 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 2.30 percent in 2027 and 1.90 percent in 2028, according to our econometric models.



Related Last Previous Unit Reference
Consumer Price Index CPI 144.60 144.40 points Mar 2026
Food Inflation 2.50 3.80 percent Mar 2026
Inflation Rate YoY -0.20 0.70 percent Mar 2026
Inflation Rate MoM 0.10 -0.40 percent Mar 2026


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
-0.20 0.70 10.10 -3.10 2002 - 2026 percent Quarterly
NSA

News Stream
Faroe Islands Inflation Rate Eases in Q4
The annual inflation rate in the Faroe Islands eased to 0.7% in the fourth quarter of 2025, easing from 1.1% in the previous three-month period. Prices increased at a softer pace for food and non-alcoholic beverages (3.8% vs 4.6% in Q3), communication (0.2% vs 0.9%), recreation and culture (4.6% vs 4.9%), and miscellaneous goods and services (1.8% vs 1.9%). Moreover, deflation worsened for housing and utilities (-8.9% vs -5.7%) and furnishings and household equipment (-2.4% vs -0.5%). Meanwhile, prices accelerated for transport (1.7% vs 0.5%), alcoholic beverages and tobacco (8.9% vs 4.7%), health (0.7% vs 0%), education (4.8% vs 3.8%), and restaurants and hotels (6.6% vs 5.6%). In addition, deflation softened for clothing and footwear (-1.4% vs -1.7%). On a quarterly basis, consumer prices fell 0.4% in Q4, reversing a 0.2% rise in the previous three-month period.
2025-12-23
Faroe Islands Inflation Rate Rises in Q3
The annual inflation rate in Faroe Islands rose to 1.1% in the third quarter of 2025 from an over four-year low of 0.7% in the previous three-month period. Upward pressure mainly came from faster price increases in recreation & culture (4.9% vs 0.4% in Q2), a rebound in transport costs (0.5% vs -0.6%), and an easing decline in clothing and footwear prices (-1.7% vs -3.3%). In contrast, inflation slowed for restaurants and hotels (5.6% vs 7.2%), communication (0.9% vs 1.6%), alcoholic beverages and tobacco (4.7% vs 4.9%), and food and non-alcoholic beverages (4.6% vs 4.7%). On a quarterly basis, consumer prices increased by 0.2% in Q3, recovering from a 0.1% drop in the prior quarter.
2025-09-24
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