Iceland Inflation Rate 1960-2020

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 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.
  • Iceland inflation rate for 2016 was 1.70%, a 0.06% increase from 2015.
Data Source: World Bank

MLA Citation:
Similar Country Ranking
Country Name Inflation Rate (%)
Argentina 53.55%
Uruguay 7.88%
Aruba 4.26%
Barbados 4.10%
Hungary 3.34%
Iceland 3.01%
Hong Kong 2.86%
Czech Republic 2.85%
Latvia 2.81%
Slovak Republic 2.66%
Netherlands 2.63%
Curacao 2.62%
Chile 2.56%
Bahamas 2.49%
Lithuania 2.33%
Estonia 2.28%
Poland 2.23%
Norway 2.17%
Canada 1.95%
United States 1.81%
Seychelles 1.81%
Sweden 1.78%
Luxembourg 1.74%
United Kingdom 1.74%
Malta 1.64%
Slovenia 1.63%
New Zealand 1.62%
Australia 1.61%
Austria 1.53%
Germany 1.45%
Belgium 1.44%
France 1.11%
Kuwait 1.09%
Finland 1.02%
Ireland 0.94%
Israel 0.84%
Croatia 0.77%
Denmark 0.76%
Spain 0.70%
Italy 0.61%
Singapore 0.57%
Japan 0.48%
South Korea 0.38%
Switzerland 0.36%
Portugal 0.34%
Greece 0.25%
Cyprus 0.25%
Oman 0.13%
Panama -0.36%
Brunei -0.39%
Qatar -0.67%
UAE -1.93%
Saudi Arabia -2.09%
Iceland Inflation Rate - Historical Data
Year Inflation Rate (%) Annual Change
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%