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Inflation Iceland - consumer price index (CPI)
Graphs - historic inflation
Graph CPI Iceland last year |
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Graph CPI Iceland long-term |
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When we talk about the rate of inflation in Iceland, this often refers to the rate of inflation based on the consumer price index, or CPI for short. The Icelandic CPI shows the change in prices of a standard package of goods and services which Icelandic households purchase for consumption. In order to measure inflation, an assessment is made of how much the CPI has risen in percentage terms over a give period compared to the CPI in a preceding period. If prices have fallen this is called deflation (negative inflation).
This page shows the current and historic CPI inflation figures for Iceland.
For a summary of the current inflation figures for a large number of countries and regions please click here.
For detailed background information about inflation please click here.
Tables - current and historic CPI Iceland
CPI IS recent months
| august 2023 |
7.695 % |
| july 2023 |
7.647 % |
| june 2023 |
8.873 % |
| may 2023 |
9.467 % |
| april 2023 |
9.889 % |
| march 2023 |
9.808 % |
| february 2023 |
10.196 % |
| january 2023 |
9.943 % |
| december 2022 |
9.555 % |
| november 2022 |
9.333 % |
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CPI IS recent years
| august 2023 |
7.695 % |
| august 2022 |
9.735 % |
| august 2021 |
4.271 % |
| august 2020 |
3.199 % |
| august 2019 |
3.165 % |
| august 2018 |
2.620 % |
| august 2017 |
1.735 % |
| august 2016 |
0.959 % |
| august 2015 |
2.171 % |
| august 2014 |
2.242 % |
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