Harmonised index: ECOICOP ver.2 first released data in Iceland
Iceland: Harmonised index: ECOICOP ver.2 first released data was 106.81 Index, 2025=100 in 2026. ▲ Rising
Harmonised index of consumer prices (HICP) - ECOICOP ver.2 - first in Iceland, 2015–2026
Source: Eurostat. Measured in Index, 2025=100.
Analysis
The most recent figure for harmonised index of consumer prices (hicp) - ecoicop ver.2 - first in Iceland is 106.81 Index, 2025=100, measured in 2026. That is the highest value across all 12 years on record.
That represents a change of up 5.9% on the previous year and up 41.6% over ten years.
Over the whole period, harmonised index of consumer prices (hicp) - ecoicop ver.2 - first in Iceland peaked at 106.81 Index, 2025=100 in 2026 and was at its lowest, 74.67 Index, 2025=100, in 2017.
That places Iceland 8th out of 51 countries with data for 2026, putting it in the top quarter.
The long-run direction has been consistently rising across the 12 years of available data.
Harmonised index: ECOICOP ver.2 first released data in Iceland, year by year
| Year | Index, 2025=100 | Change |
|---|---|---|
| 2015 | 75.53 Index, 2025=100 | — |
| 2016 | 75.44 Index, 2025=100 | -0.1% |
| 2017 | 74.67 Index, 2025=100 | -1.0% |
| 2018 | 76.14 Index, 2025=100 | +2.0% |
| 2019 | 76.84 Index, 2025=100 | +0.9% |
| 2020 | 78.64 Index, 2025=100 | +2.3% |
| 2021 | 81.67 Index, 2025=100 | +3.9% |
| 2022 | 87.57 Index, 2025=100 | +7.2% |
| 2023 | 93.61 Index, 2025=100 | +6.9% |
| 2024 | 96.95 Index, 2025=100 | +3.6% |
| 2025 | 100.86 Index, 2025=100 | +4.0% |
| 2026 | 106.81 Index, 2025=100 | +5.9% |
Iceland compared with similar countries
- Iceland's 106.81 Index, 2025=100 is above the median for Europe & Central Asia, which is 104.06 Index, 2025=100, 1.0× the median. (34 countries reporting)
- Iceland's 106.81 Index, 2025=100 is above the median for high income countries, which is 104.27 Index, 2025=100, 1.0× the median. (32 countries reporting)
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 2010s | 75.72 Index, 2025=100 | 74.67 Index, 2025=100 | 76.84 Index, 2025=100 | 5 |
| 2020s | 92.3 Index, 2025=100 | 78.64 Index, 2025=100 | 106.81 Index, 2025=100 | 7 |
Countries ranked near Iceland
- 6 Kosovo* 108.37 Index, 2025=100 compare
- 7 Montenegro 107.1 Index, 2025=100 compare
- 9 Cyprus 106.39 Index, 2025=100 compare
- 10 Lithuania 106.34 Index, 2025=100 compare
- 11 Luxembourg 106.19 Index, 2025=100 compare
More economy & growth data for Iceland
- Real gdp growth, annual growth rate -125.5 % change on previous year (2024)
- 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)
- SDRs holdings, US dollar, annual growth rate 5.55 % change on previous year (2025)
- SDRs holdings, US dollar, per unit of GDP 0.0153 units per US$ of GDP (2025)
- SDRs holdings, US dollar, per capita 1,500 units per person (2025)
- SDRs holdings, SDR, annual growth rate 0.5124 % change on previous year (2025)
- SDRs holdings, SDR, per unit of GDP 0.0111 units per US$ of GDP (2025)
- SDRs holdings, SDR, per capita 1,095 units per person (2025)
- IMF holdings of currency, US dollar, annual growth rate 5.01 % change on previous year (2025)
Frequently asked questions
- What is harmonised index of consumer prices (hicp) - ecoicop ver.2 - first in Iceland?
- Harmonised index of consumer prices (hicp) - ecoicop ver.2 - first in Iceland was 106.81 Index, 2025=100 in 2026, according to Eurostat.
- What is the highest harmonised index of consumer prices (hicp) - ecoicop ver.2 - first recorded in Iceland?
- The highest recorded value was 106.81 Index, 2025=100 in 2026.
- What is the lowest harmonised index of consumer prices (hicp) - ecoicop ver.2 - first recorded in Iceland?
- The lowest recorded value was 74.67 Index, 2025=100 in 2017.
- How does Iceland rank for harmonised index of consumer prices (hicp) - ecoicop ver.2 - first?
- Iceland ranks 8th out of 51 countries with data for 2026.
- Is harmonised index of consumer prices (hicp) - ecoicop ver.2 - first rising or falling in Iceland?
- Over the last ten years it is up 41.6%. The long-run trend across the full record is rising.
- Where does this Iceland data come from?
- The figures come from Eurostat, published as part of Harmonised index of consumer prices (HICP) - ECOICOP ver.2 - first released data. Statizoid updates them automatically from the source API.
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