Inflation, consumer prices in Iceland
Iceland: Inflation, consumer prices was 4.1% in 2025. ◆ Volatile
Inflation, consumer prices in Iceland, 1960–2025
Source: International Financial Statistics database, International Monetary Fund (IMF). Measured in annual %.
Analysis
Iceland recorded 4.1% for inflation, consumer prices in 2025.
Compared with earlier readings it is down 30.2% on the previous year and up 150.5% over ten years.
Over the whole period, inflation, consumer prices in Iceland peaked at 84.0% in 1983 and was at its lowest, 1.6%, in 1994.
Iceland ranks 59th of 191 countries on this measure, in the middle of the range.
The series is highly variable year to year, so single readings are best treated with caution.
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 1960s | 10.8% | 2.0% | 21.7% | 10 |
| 1970s | 29.4% | 6.7% | 49.4% | 10 |
| 1980s | 39.4% | 18.3% | 84.0% | 10 |
| 1990s | 4.2% | 1.6% | 15.5% | 10 |
| 2000s | 6.2% | 2.1% | 12.7% | 10 |
| 2010s | 3.1% | 1.6% | 5.4% | 10 |
| 2020s | 5.7% | 2.8% | 8.7% | 6 |
Countries ranked near Iceland
More economy & growth data for Iceland
- DEC alternative conversion factor 128.44 LCU per US$ (2025)
- Net secondary income (Net current transfers from abroad) -52.84 billion current LCU (2024)
- Net secondary income (Net current transfers from abroad) -383.05 million current US$ (2024)
- Taxes less subsidies on products 498.69 billion current LCU (2025)
- Taxes less subsidies on products 3.88 billion current US$ (2025)
- Net primary income (Net income from abroad) -40.83 billion current LCU (2024)
- Net primary income (Net income from abroad) -295.94 million current US$ (2024)
- GNI per capita 12.60 million current LCU (2025)
- GNI per capita, Atlas method 89,220 current US$ (2025)
- GNI 4.94 trillion current LCU (2025)
Frequently asked questions
- What is inflation, consumer prices in Iceland?
- Inflation, consumer prices in Iceland was 4.1% in 2025, according to International Financial Statistics database, International Monetary Fund (IMF).
- What is the highest inflation, consumer prices recorded in Iceland?
- The highest recorded value was 84.0% in 1983.
- What is the lowest inflation, consumer prices recorded in Iceland?
- The lowest recorded value was 1.6% in 1994.
- How does Iceland rank for inflation, consumer prices?
- Iceland ranks 59th out of 191 countries with data for 2025.
- Is inflation, consumer prices rising or falling in Iceland?
- Over the last ten years it is up 150.5%. The long-run trend across the full record is volatile.
- Where does this Iceland data come from?
- The figures come from International Financial Statistics database, International Monetary Fund (IMF), published as part of Inflation, consumer prices (annual %). Statizoid updates them automatically from the source API.
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About this data
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.