Consumer price inflation — all countries

Consumer price inflation — Iceland

Consumer price inflation in Iceland in 2025 — 4.09%. Ranked 120 in the world out of 165. Since 1960, the indicator has risen by 2.1 pp.

2025 4.09% −1.77 pp vs 2024
World rank 120of 165
Period maximum 83.95%1983
Period minimum 1.55%1994

Trend over time

1960–2025 · % per year

Consumer price inflation — Iceland, 1960–2025025507510019601967197419811988199520022009201620231960: 1.99%1962: 11.02%1964: 19.25%1966: 10.69%1968: 15.1%1970: 13.37%1972: 9.81%1974: 42.52%1976: 31.95%1978: 43.75%1980: 58.53%1982: 50.24%1984: 30.85%1986: 22.13%1988: 25.73%1990: 15.51%1992: 3.95%1994: 1.55%1996: 2.26%1998: 1.66%2000: 5.14%2002: 5.2%2004: 3.16%2006: 6.69%2008: 12.69%2010: 5.4%2012: 5.19%2014: 2.04%2016: 1.7%2018: 2.68%2020: 2.85%2022: 8.31%2024: 5.86%2025: 4.09%
Change over the period: +2.1 pp Annual average: 0.03 pp

Comparison, 2025

How the value compares with the world and the groups this territory belongs to: Iceland

Iceland 4.09%
World 3.04%
Northern Europe computed 3.16%
High-income countries computed 3.44%
Consumer price inflation — Iceland, by year Iceland All countries CSV XLSX
Year % Change, pp
2025 4.09 −1.77 pp
2024 5.86 −2.88 pp
2023 8.74 +0.43 pp
2022 8.31 +3.86 pp
2021 4.44 +1.6 pp
2020 2.85 −0.17 pp
2019 3.01 +0.33 pp
2018 2.68 +0.92 pp
2017 1.76 +0.06 pp
2016 1.7 +0.06 pp
2015 1.63 −0.41 pp
2014 2.04 −1.83 pp
2013 3.87 −1.31 pp
2012 5.19 +1.18 pp
2011 4 −1.4 pp
2010 5.4 −6.61 pp
2009 12 −0.69 pp
2008 12.69 +7.64 pp
2007 5.05 −1.64 pp
2006 6.69 +2.7 pp
2005 3.99 +0.83 pp
2004 3.16 +1.1 pp
2003 2.06 −3.14 pp
2002 5.2 −1.21 pp
2001 6.41 +1.27 pp
2000 5.14 +1.9 pp
1999 3.23 +1.57 pp
1998 1.66 −0.16 pp
1997 1.82 −0.44 pp
1996 2.26 +0.61 pp
1995 1.65 +0.1 pp
1994 1.55 −2.49 pp
1993 4.04 +0.1 pp
1992 3.95 −2.86 pp
1991 6.81 −8.7 pp
1990 15.51 −5.25 pp
1989 20.76 −4.97 pp
1988 25.73 +7.43 pp
1987 18.3 −3.83 pp
1986 22.13 −9.87 pp
1985 31.99 +1.14 pp
1984 30.85 −53.1 pp
1983 83.95 +33.71 pp
1982 50.24 −1.55 pp
1981 51.79 −6.74 pp
1980 58.53 +14.08 pp
1979 44.44 +0.69 pp
1978 43.75 +13.43 pp
1977 30.32 −1.63 pp
1976 31.95 −17.41 pp
1975 49.36 +6.85 pp
1974 42.52 +21.16 pp
1973 21.35 +11.54 pp
1972 9.81 +3.08 pp
1971 6.73 −6.64 pp
1970 13.37 −8.37 pp
1969 21.74 +6.65 pp
1968 15.1 +11.78 pp
1967 3.32 −7.37 pp
1966 10.69 +3.37 pp
1965 7.32 −11.93 pp
1964 19.25 +6.32 pp
1963 12.93 +1.91 pp
1962 11.02 +6.3 pp
1961 4.71 +2.72 pp
1960 1.99

About the indicator

The annual growth rate of the consumer price index — the cost of a fixed or periodically updated basket of goods and services for households. Negative values mean deflation. The composition of the basket and its weights are set by national statistical offices, so the figures are comparable in order of magnitude but not identical in method.

Important: In countries with hyperinflation the indicator can run into hundreds and thousands of percent, which is worth keeping in mind when reading charts.

Source: World Development Indicators (World Bank), license CC BY 4.0.