Iceland Inflation Rate (1960-2024)

Population Economy Trade Health Education Development Labor Force Environment Crime Immigration Other

GDP GDP Growth Rate GDP Per Capita Debt to GDP Inflation Rate Manufacturing GNI GNI Per Capita GNP

Iceland inflation rate for 2024 was 5.86%, a 2.88% decline from 2023.

Iceland inflation rate for 2023 was 8.74%, a 0.43% increase from 2022.
Iceland inflation rate for 2022 was 8.31%, a 3.86% increase from 2021.
Iceland inflation rate for 2021 was 4.44%, a 1.6% increase from 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.