Inflation in Iceland (CPI) Current and historic Icelandic inflation (consumer price index)
This page shows the current and historic inflation figures for Iceland based on the consumer price index (CPI).
|
Month
|
Inflation rate
|
|---|---|
|
October 2023
|
7.90 %
|
|
September 2023
|
7.96 %
|
|
August 2023
|
7.69 %
|
|
July 2023
|
7.65 %
|
|
June 2023
|
8.87 %
|
|
May 2023
|
9.47 %
|
|
April 2023
|
9.89 %
|
|
March 2023
|
9.81 %
|
|
February 2023
|
10.20 %
|
|
January 2023
|
9.94 %
|
|
December 2022
|
9.55 %
|
|
November 2022
|
9.33 %
|
|
Month
|
Inflation rate
|
|---|---|
|
October 2023
|
0.61 %
|
|
September 2023
|
0.35 %
|
|
August 2023
|
0.33 %
|
|
July 2023
|
0.04 %
|
|
June 2023
|
0.85 %
|
|
May 2023
|
0.39 %
|
|
April 2023
|
1.31 %
|
|
March 2023
|
0.59 %
|
|
February 2023
|
1.40 %
|
|
January 2023
|
0.85 %
|
|
December 2022
|
0.66 %
|
|
November 2022
|
0.27 %
|
Chart - historical CPI inflation Iceland
Historical Inflation ratesOur content is based on reliable sources. However, we do not accept liability for any errors. The content of this website is for informational purposes only and is not intended as financial advice. Decisions you make based on the information we display are always at your own expense and risk.
What is the Icelandic inflation based on CPI?
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 Icelandic inflation, an assessment is made of how much the Icelandic CPI has risen in percentage terms over a give period compared to the CPI in Iceland in a preceding period. If prices have fallen this is called deflation (negative inflation).