Iceland Inflation Rate 1960-2021

Inflation as measured by the consumer price index reflects the annual percentage change in the cost to the average consumer of acquiring a basket of goods and services that may be fixed or changed at specified intervals, such as yearly. The Laspeyres formula is generally used.
  • Iceland inflation rate for 2020 was 2.85%, a 0.17% decline from 2019.
  • Iceland inflation rate for 2019 was 3.01%, a 0.33% increase from 2018.
  • Iceland inflation rate for 2018 was 2.68%, a 0.92% increase from 2017.
  • Iceland inflation rate for 2017 was 1.76%, a 0.06% increase from 2016.
Data Source: World Bank

MLA Citation:
Similar Country Ranking
Country Name Inflation Rate (%)
Uruguay 9.76%
Saudi Arabia 3.45%
Poland 3.37%
Hungary 3.33%
Czech Republic 3.16%
Chile 3.05%
Iceland 2.85%
Brunei 1.94%
Slovak Republic 1.94%
New Zealand 1.71%
Austria 1.38%
Norway 1.29%
Netherlands 1.27%
United States 1.23%
Lithuania 1.20%
United Kingdom 0.99%
Australia 0.85%
Luxembourg 0.82%
Belgium 0.74%
Canada 0.72%
Malta 0.64%
Trinidad and Tobago 0.60%
South Korea 0.54%
Germany 0.51%
Sweden 0.50%
France 0.48%
Denmark 0.42%
Hong Kong 0.33%
Latvia 0.22%
Bahamas 0.04%
Portugal -0.01%
Japan -0.02%
Slovenia -0.05%
Italy -0.14%
Singapore -0.18%
Spain -0.32%
Ireland -0.33%
Estonia -0.44%
Israel -0.59%
Cyprus -0.64%
Switzerland -0.73%
Oman -0.90%
Greece -1.25%
Panama -1.55%
UAE -2.08%
Bahrain -2.32%
Qatar -2.54%
Iceland Inflation Rate - Historical Data
Year Inflation Rate (%) Annual Change
2020 2.85% -0.17%
2019 3.01% 0.33%
2018 2.68% 0.92%
2017 1.76% 0.06%
2016 1.70% 0.06%
2015 1.63% -0.41%
2014 2.04% -1.83%
2013 3.87% -1.31%
2012 5.19% 1.18%
2011 4.00% -1.40%
2010 5.40% -6.61%
2009 12.00% -0.69%
2008 12.69% 7.64%
2007 5.05% -1.64%
2006 6.69% 2.70%
2005 3.99% 0.83%
2004 3.16% 1.10%
2003 2.06% -3.14%
2002 5.20% -1.21%
2001 6.41% 1.27%
2000 5.14% 1.90%
1999 3.23% 1.57%
1998 1.66% -0.16%
1997 1.82% -0.45%
1996 2.26% 0.61%
1995 1.65% 0.10%
1994 1.55% -2.49%
1993 4.04% 0.10%
1992 3.95% -2.86%
1991 6.81% -8.70%
1990 15.51% -5.25%
1989 20.76% -4.97%
1988 25.73% 7.43%
1987 18.30% -3.83%
1986 22.13% -9.87%
1985 31.99% 1.14%
1984 30.85% -53.10%
1983 83.95% 33.71%
1982 50.24% -1.55%
1981 51.79% -6.74%
1980 58.53% 14.08%
1979 44.44% 0.69%
1978 43.75% 13.43%
1977 30.32% 27.00%
1967 3.32% -7.37%
1966 10.69% 3.37%
1965 7.32% -11.93%
1964 19.25% 6.32%
1963 12.93% 1.91%
1962 11.02% 6.30%
1961 4.71% 2.72%
1960 1.99% 2.72%