Economic Outlook No 117 — Consumer price index in Iceland
Iceland: Economic Outlook No 117 — Consumer price index was 1.56 in 2026. ◆ Volatile
Economic Outlook No 117 — Consumer price index in Iceland, 1965–2026
Source: Organisation for Economic Co-operation and Development.
Analysis
Iceland recorded 1.56 for economic outlook no 117 — consumer price index in 2026. That is the highest value across all 62 years on record.
That represents a change of up 2.7% on the previous year and up 53.3% over ten years.
Over the whole period, economic outlook no 117 — consumer price index in Iceland peaked at 1.56 in 2026 and was at its lowest, 0.0006, in 1965.
Iceland ranks 8th of 28 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.
Economic Outlook No 117 — Consumer price index in Iceland, year by year
| Year | Value | Change |
|---|---|---|
| 1965 | 0.0006 | — |
| 1966 | 0.0007 | +10.7% |
| 1967 | 0.0007 | +3.3% |
| 1968 | 0.0008 | +15.2% |
| 1969 | 0.0009 | +21.8% |
| 1970 | 0.0011 | +13.4% |
| 1971 | 0.0011 | +6.7% |
| 1972 | 0.0013 | +9.8% |
| 1973 | 0.0015 | +21.4% |
| 1974 | 0.0022 | +42.5% |
| 1975 | 0.0033 | +49.4% |
| 1976 | 0.0043 | +32.0% |
| 1977 | 0.0056 | +30.3% |
| 1978 | 0.0081 | +43.7% |
| 1979 | 0.0116 | +44.4% |
| 1980 | 0.0185 | +58.5% |
| 1981 | 0.028 | +51.8% |
| 1982 | 0.0421 | +50.2% |
| 1983 | 0.0775 | +84.0% |
| 1984 | 0.1014 | +30.9% |
| 1985 | 0.1338 | +32.0% |
| 1986 | 0.1634 | +22.1% |
| 1987 | 0.1933 | +18.3% |
| 1988 | 0.2431 | +25.7% |
| 1989 | 0.2935 | +20.8% |
| 1990 | 0.339 | +15.5% |
| 1991 | 0.3621 | +6.8% |
| 1992 | 0.3764 | +3.9% |
| 1993 | 0.3916 | +4.0% |
| 1994 | 0.3977 | +1.6% |
| 1995 | 0.4043 | +1.7% |
| 1996 | 0.4134 | +2.3% |
| 1997 | 0.4209 | +1.8% |
| 1998 | 0.4279 | +1.7% |
| 1999 | 0.4417 | +3.2% |
| 2000 | 0.4644 | +5.1% |
| 2001 | 0.4942 | +6.4% |
| 2002 | 0.5199 | +5.2% |
| 2003 | 0.5305 | +2.1% |
| 2004 | 0.5473 | +3.2% |
| 2005 | 0.5691 | +4.0% |
| 2006 | 0.6072 | +6.7% |
| 2007 | 0.6379 | +5.1% |
| 2008 | 0.7188 | +12.7% |
| 2009 | 0.8051 | +12.0% |
| 2010 | 0.8486 | +5.4% |
| 2011 | 0.8825 | +4.0% |
| 2012 | 0.9283 | +5.2% |
| 2013 | 0.9642 | +3.9% |
| 2014 | 0.9839 | +2.0% |
| 2015 | 1 | +1.6% |
| 2016 | 1.02 | +1.7% |
| 2017 | 1.03 | +1.8% |
| 2018 | 1.06 | +2.7% |
| 2019 | 1.09 | +3.0% |
| 2020 | 1.13 | +2.8% |
| 2021 | 1.18 | +4.4% |
| 2022 | 1.27 | +8.3% |
| 2023 | 1.38 | +8.7% |
| 2024 | 1.47 | +5.9% |
| 2025 | 1.52 | +3.5% |
| 2026 | 1.56 | +2.7% |
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 1960s | 0.0007 | 0.0006 | 0.0009 | 5 |
| 1970s | 0.004 | 0.0011 | 0.0116 | 10 |
| 1980s | 0.1295 | 0.0185 | 0.2935 | 10 |
| 1990s | 0.3975 | 0.339 | 0.4417 | 10 |
| 2000s | 0.5894 | 0.4644 | 0.8051 | 10 |
| 2010s | 0.9817 | 0.8486 | 1.09 | 10 |
| 2020s | 1.36 | 1.13 | 1.56 | 7 |
Countries ranked near Iceland
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)
- Industry (including construction), value added (constant 2015 US$) -1.23 % change on previous year (2025)
- Industry (including construction), value added (constant 2015 US$) 0.1135 constant 2015 US$ per US$ of GDP (2025)
- Industry (including construction), value added (constant 2015 US$) 11,161 constant 2015 US$ per person (2025)
- Industry (including construction), value added (constant LCU), annual -1.23 % change on previous year (2025)
- Industry (including construction), value added (constant LCU), per 17.85 constant LCU per US$ of GDP (2025)
- Industry (including construction), value added (constant LCU), per 1.75 million constant LCU per person (2025)
- Services, value added (current US$), annual growth rate 17.85 % change on previous year (2025)
- Services, value added (current US$), per unit of GDP 0.6623 current US$ per US$ of GDP (2025)
Frequently asked questions
- What is economic outlook no 117 — consumer price index in Iceland?
- Economic outlook no 117 — consumer price index in Iceland was 1.56 in 2026, according to Organisation for Economic Co-operation and Development.
- What is the highest economic outlook no 117 — consumer price index recorded in Iceland?
- The highest recorded value was 1.56 in 2026.
- What is the lowest economic outlook no 117 — consumer price index recorded in Iceland?
- The lowest recorded value was 0.0006 in 1965.
- How does Iceland rank for economic outlook no 117 — consumer price index?
- Iceland ranks 8th out of 28 countries with data for 2026.
- Is economic outlook no 117 — consumer price index rising or falling in Iceland?
- Over the last ten years it is up 53.3%. 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 Economic Outlook No 117 — Consumer price index. Statizoid updates them automatically from the source API.
Download this data
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About this data
The OECD Economic Outlook presents the OECD’s analysis of the major global economic trends and prospects for the next two years. The Outlook puts forward a consistent set of projections for output, employment, government spending, prices and current balances based on a review of each member country and of the induced effect on each of them on international developments. OECD (2025), OECD Economic Outlook No 117 (Edition 2025/1) EO117 Database documentation EO117 Last historical points gdp inflation cpi population unemployment real gdp gdp per capita employment OECD Economic Outlook website: https://www.oecd.org/economic-outlook/ Contact : eco.outlook@oecd.org Keywords : Outlook, forecasts, forecast, GDP