Contribution to year-on-year inflation by COICOP 1999 by country in Iceland
Iceland: Contribution to year-on-year inflation by COICOP 1999 by country was 4.49 Percentage points in 2025. ◆ Volatile
Contribution to year-on-year inflation by COICOP 1999 by country in Iceland, 2010–2025
Source: Organisation for Economic Co-operation and Development. Measured in Percentage points.
Analysis
In 2025, contribution to year-on-year inflation by coicop 1999 by country in Iceland stood at 4.49 Percentage points.
Compared with earlier readings it is down 5.4% on the previous year and up 117.4% over ten years.
Over the whole period, contribution to year-on-year inflation by coicop 1999 by country in Iceland peaked at 9.55 Percentage points in 2022 and was at its lowest, 0.8789 Percentage points, in 2014.
That places Iceland 3rd out of 26 countries with data for 2025, putting it in the top 10%.
The series is highly variable year to year, so single readings are best treated with caution.
Contribution to year-on-year inflation by COICOP 1999 by country in Iceland, year by year
| Year | Percentage points | Change |
|---|---|---|
| 2010 | 2.49 Percentage points | — |
| 2011 | 5.38 Percentage points | +115.9% |
| 2012 | 4.33 Percentage points | -19.5% |
| 2013 | 4.13 Percentage points | -4.6% |
| 2014 | 0.8789 Percentage points | -78.7% |
| 2015 | 2.07 Percentage points | +135.0% |
| 2016 | 1.93 Percentage points | -6.3% |
| 2017 | 2.05 Percentage points | +6.2% |
| 2018 | 3.73 Percentage points | +81.7% |
| 2019 | 2.04 Percentage points | -45.4% |
| 2020 | 3.59 Percentage points | +76.1% |
| 2021 | 5.12 Percentage points | +42.6% |
| 2022 | 9.55 Percentage points | +86.6% |
| 2023 | 7.75 Percentage points | -18.9% |
| 2024 | 4.75 Percentage points | -38.7% |
| 2025 | 4.49 Percentage points | -5.4% |
Iceland compared with similar countries
- Iceland's 4.49 Percentage points is above the median for Europe & Central Asia, which is 2.28 Percentage points, 2.0× the median. (19 countries reporting)
- Iceland's 4.49 Percentage points is above the median for high income countries, which is 2.23 Percentage points, 2.0× the median. (24 countries reporting)
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 2010s | 2.91 Percentage points | 0.8789 Percentage points | 5.38 Percentage points | 10 |
| 2020s | 5.87 Percentage points | 3.59 Percentage points | 9.55 Percentage points | 6 |
Countries ranked near Iceland
- 1 Colombia 6.28 Percentage points compare
- 1 Türkiye 30.89 Percentage points compare
- 2 Estonia 4.07 Percentage points compare
- 2 Mexico 5.57 Percentage points compare
- 3 Latvia 3.49 Percentage points compare
- 4 Lithuania 3.45 Percentage points compare
- 4 Chile 3.94 Percentage points compare
- 5 Austria 3.8 Percentage points compare
- 5 Slovenia 2.7 Percentage points compare
- 6 Netherlands 2.67 Percentage points compare
- 6 Norway 3.16 Percentage points compare
More economy & growth data for Iceland
- Africa's Development Dynamics (AfDD) Table 04 - Annual real GDP 1.96 Percent per annum (2029)
- Africa's Development Dynamics (AfDD) Table 02 - Annual real GDP 2.48 Percent per annum (2029)
- Foreign direct investment, net outflows (BoP, current US$), gaps -851.71 million BoP, current US$ (2025)
- Foreign direct investment, net outflows (BoP, current US$), per unit -0.0221 BoP, current US$ per US$ of GDP (2025)
- Foreign direct investment, net outflows (BoP, current US$), per capita -2,170 BoP, current US$ per person (2025)
- Foreign direct investment, net inflows (BoP, current US$), gaps filled -201.70 million BoP, current US$ (2025)
- Foreign direct investment, net inflows (BoP, current US$), annual -107.12 % change on previous year (2025)
- Foreign direct investment, net inflows (BoP, current US$), per unit -0.0052 BoP, current US$ per US$ of GDP (2025)
- Foreign direct investment, net inflows (BoP, current US$), per capita -514.02 BoP, current US$ per person (2025)
- Total reserves (includes gold, current US$), annual growth rate 20.76 % change on previous year (2025)
Frequently asked questions
- What is contribution to year-on-year inflation by coicop 1999 by country in Iceland?
- Contribution to year-on-year inflation by coicop 1999 by country in Iceland was 4.49 Percentage points in 2025, according to Organisation for Economic Co-operation and Development.
- What is the highest contribution to year-on-year inflation by coicop 1999 by country recorded in Iceland?
- The highest recorded value was 9.55 Percentage points in 2022.
- What is the lowest contribution to year-on-year inflation by coicop 1999 by country recorded in Iceland?
- The lowest recorded value was 0.8789 Percentage points in 2014.
- How does Iceland rank for contribution to year-on-year inflation by coicop 1999 by country?
- Iceland ranks 3rd out of 26 countries with data for 2025.
- Is contribution to year-on-year inflation by coicop 1999 by country rising or falling in Iceland?
- Over the last ten years it is up 117.4%. The long-run trend across the full record is volatile.
- Where does this Iceland data come from?
- The figures come from Organisation for Economic Co-operation and Development, published as part of Contribution to year-on-year inflation by COICOP 1999 by country — Consumer price index. Statizoid updates them automatically from the source API.
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About this data
This dataset contains statistics on contributions to national year-on-year inflation by COICOP 1999 divisions. Contributions show how much each of the COICOP Divisions contributes to the annual inflation. All data are calculated by the OECD following the Ribe formula. However, data for Austria, Chile, Finland, Mexico, the Netherlands, Poland, Sweden and the United Kingdom are directly calculated by the National Statistical Offices. For countries for which data are already available according to the COICOP 2018 classification, contributions can be found in dataset Contribution to year-on-year inflation by COICOP 2018 by country.