Iceland Inflation (CPI, ann. var. %, aop)

Inflation Rate in Iceland

Inflation softened to a six-month low of 9.5% in May (April: 9.9%) due to slower price increases for food, and transport. Headline inflation is expected to decline this year on slowing activity and tighter monetary policy. However, price pressures will average markedly above the Central Bank’s 2.5% target. Currency weakness and robust domestic demand pose upside risks.

Iceland Inflation Rate Chart

This chart displays Inflation Rate (CPI, annual variation in %) for Iceland from 2013 to 2022.

Iceland Inflation Rate Data

2017 2018 2019 2020 2021
Inflation (CPI, ann. var. %, aop) 1.8 2.7 3.0 2.8 4.4

Free sample report

Interested in economic reports, analysis and data? FocusEconomics provides data, forecasts and analysis for hundreds of countries and commodities. Request your free sample report now.

Close Left Media Arrows Left Media Circles Right Media Arrows Right Media Circles Arrow Quote Wave Address Email Telephone Man in front of screen with line chart Document with bar chart and magnifying glass Application window with bar chart Target with arrow Line Chart Stopwatch Globe with arrows Document with bar chart in front of screen Bar chart with magnifying glass and dollar sign Lightbulb Document with bookmark Laptop with download icon Calendar Icon Nav Menu Arrow Arrow Right Long Icon Arrow Right Icon Chevron Right Icon Chevron Left Icon Briefcase Icon Linkedin In Icon Full Linkedin Icon Filter Facebook Linkedin Twitter Pinterest