Harmonised index of consumer prices (HICP) - ECOICOP ver.2 - indices in Iceland
Iceland: Harmonised index of consumer prices (HICP) - ECOICOP ver.2 - indices was 100 Annual average index in 2025. ▲ Rising
Latest (2025)
100 Annual average index
Change on year
up 3.7%
World rank
5th
of 50 countries
All-time high
100 Annual average index
in 2025
All-time low
74.97 Annual average index
in 2017
Years of data
10
2016–2025
Harmonised index of consumer prices (HICP) - ECOICOP ver.2 - indices in Iceland, 2016–2025
Source: Eurostat. Measured in Annual average index.
Analysis
In 2025, harmonised index of consumer prices (hicp) - ecoicop ver.2 - indices in Iceland stood at 100 Annual average index. That is the highest value across all 10 years on record.
The figure is up 3.7% on the previous year and up 31.2% over ten years.
Over the whole period, harmonised index of consumer prices (hicp) - ecoicop ver.2 - indices in Iceland peaked at 100 Annual average index in 2025 and was at its lowest, 74.97 Annual average index, in 2017.
That places Iceland 5th out of 50 countries with data for 2025, putting it in the top 10%.
Harmonised index of consumer prices (HICP) - ECOICOP ver.2 - indices in Iceland, year by year
| Year | Annual average index | Change |
|---|---|---|
| 2016 | 76.23 Annual average index | — |
| 2017 | 74.97 Annual average index | -1.7% |
| 2018 | 75.53 Annual average index | +0.7% |
| 2019 | 77.04 Annual average index | +2.0% |
| 2020 | 77.95 Annual average index | +1.2% |
| 2021 | 80.81 Annual average index | +3.7% |
| 2022 | 85.43 Annual average index | +5.7% |
| 2023 | 92.25 Annual average index | +8.0% |
| 2024 | 96.41 Annual average index | +4.5% |
| 2025 | 100 Annual average index | +3.7% |
Iceland compared with similar countries
- Iceland's 100 Annual average index is above the median for Europe & Central Asia, which is 100 Annual average index, 1.0× the median. (34 countries reporting)
- Iceland's 100 Annual average index is above the median for high income countries, which is 100 Annual average index, 1.0× the median. (32 countries reporting)
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 2010s | 75.94 Annual average index | 74.97 Annual average index | 77.04 Annual average index | 4 |
| 2020s | 88.81 Annual average index | 77.95 Annual average index | 100 Annual average index | 6 |
Countries ranked near Iceland
- 3 United Kingdom 107.82 Annual average index
- 3 United Kingdom 107.82 Annual average index
- 5 Albania 100 Annual average index compare
- 5 Austria 100 Annual average index compare
- 5 Belgium 100 Annual average index compare
- 5 Bulgaria 100 Annual average index compare
- 5 Switzerland 100 Annual average index compare
- 5 Cyprus 100 Annual average index compare
- 5 Czechia 100 Annual average index compare
- 5 Germany 100 Annual average index compare
- 5 Denmark 100 Annual average index compare
- 5 Euro area (EA11-1999, EA12-2001, EA13-2007, EA15-2008, EA16-2009, EA17-2011, EA18-2014, EA19-2015, EA20-2023, EA21-2026) 100 Annual average index compare
- 5 Estonia 100 Annual average index compare
- 5 Greece 100 Annual average index compare
- 5 Spain 100 Annual average index compare
- 5 European Union (EU6-1958, EU9-1973, EU10-1981, EU12-1986, EU15-1995, EU25-2004, EU27-2007, EU28-2013, EU27-2020) 100 Annual average index compare
- 5 Finland 100 Annual average index compare
- 5 France 100 Annual average index compare
- 5 Croatia 100 Annual average index compare
- 5 Hungary 100 Annual average index compare
- 5 Ireland 100 Annual average index compare
- 5 Italy 100 Annual average index compare
- 5 Lithuania 100 Annual average index compare
- 5 Luxembourg 100 Annual average index compare
- 5 Latvia 100 Annual average index compare
- 5 Montenegro 100 Annual average index compare
- 5 North Macedonia 100 Annual average index compare
- 5 Malta 100 Annual average index compare
- 5 Netherlands 100 Annual average index compare
- 5 Norway 100 Annual average index compare
- 5 Poland 100 Annual average index compare
- 5 Portugal 100 Annual average index compare
- 5 Romania 100 Annual average index compare
- 5 Serbia 100 Annual average index compare
- 5 Sweden 100 Annual average index compare
- 5 Slovenia 100 Annual average index compare
- 5 Slovakia 100 Annual average index compare
- 5 Türkiye 100 Annual average index compare
- 5 Kosovo* 100 Annual average index compare
- 5 Estonia 100 Annual average index compare
- 5 Croatia 100 Annual average index compare
- 5 Lithuania 100 Annual average index compare
- 5 Latvia 100 Annual average index compare
- 5 Netherlands 100 Annual average index compare
- 5 Poland 100 Annual average index compare
- 5 Slovenia 100 Annual average index compare
- 5 Slovakia 100 Annual average index 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 harmonised index of consumer prices (hicp) - ecoicop ver.2 - indices in Iceland?
- Harmonised index of consumer prices (hicp) - ecoicop ver.2 - indices in Iceland was 100 Annual average index in 2025, according to Eurostat.
- What is the highest harmonised index of consumer prices (hicp) - ecoicop ver.2 - indices recorded in Iceland?
- The highest recorded value was 100 Annual average index in 2025.
- What is the lowest harmonised index of consumer prices (hicp) - ecoicop ver.2 - indices recorded in Iceland?
- The lowest recorded value was 74.97 Annual average index in 2017.
- How does Iceland rank for harmonised index of consumer prices (hicp) - ecoicop ver.2 - indices?
- Iceland ranks 5th out of 50 countries with data for 2025.
- Is harmonised index of consumer prices (hicp) - ecoicop ver.2 - indices rising or falling in Iceland?
- Over the last ten years it is up 31.2%. 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 - indices and rates of change, annual data. Statizoid updates them automatically from the source API.
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