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 |