Harmonised index of consumer prices (HICP) - ECOICOP ver.2 - indices in Iceland
Iceland: Harmonised index of consumer prices (HICP) - ECOICOP ver.2 - indices was 107.6 Index, 2025=100 in 2026. ▲ Rising
Latest (2026)
107.6 Index, 2025=100
Change on year
up 6.7%
World rank
7th
of 50 countries
All-time high
107.6 Index, 2025=100
in 2026
All-time low
74.67 Index, 2025=100
in 2017
Years of data
12
2015–2026
Harmonised index of consumer prices (HICP) - ECOICOP ver.2 - indices in Iceland, 2015–2026
Source: Eurostat. Measured in Index, 2025=100.
Analysis
In 2026, harmonised index of consumer prices (hicp) - ecoicop ver.2 - indices in Iceland stood at 107.6 Index, 2025=100. That is the highest value across all 12 years on record.
Compared with earlier readings it is up 6.7% on the previous year and up 42.6% over ten years.
Over the whole period, harmonised index of consumer prices (hicp) - ecoicop ver.2 - indices in Iceland peaked at 107.6 Index, 2025=100 in 2026 and was at its lowest, 74.67 Index, 2025=100, in 2017.
That places Iceland 7th out of 50 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 of consumer prices (HICP) - ECOICOP ver.2 - indices 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 | 107.6 Index, 2025=100 | +6.7% |
Iceland compared with similar countries
- Iceland's 107.6 Index, 2025=100 is above the median for Europe & Central Asia, which is 103.35 Index, 2025=100, 1.0× the median. (34 countries reporting)
- Iceland's 107.6 Index, 2025=100 is above the median for high income countries, which is 103.47 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 | 92.41 Index, 2025=100 | 78.64 Index, 2025=100 | 107.6 Index, 2025=100 | 7 |
Countries ranked near Iceland
- 4 United Kingdom of Great Britain and Northern Ireland 108.89 Index, 2025=100 compare
- 4 United Kingdom 108.89 Index, 2025=100 compare
- 6 Romania 108.08 Index, 2025=100 compare
- 8 Kosovo* 106.75 Index, 2025=100 compare
- 9 Lithuania 105.69 Index, 2025=100 compare
- 10 Lithuania 105.52 Index, 2025=100 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 107.6 Index, 2025=100 in 2026, 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 107.6 Index, 2025=100 in 2026.
- What is the lowest harmonised index of consumer prices (hicp) - ecoicop ver.2 - indices 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 - indices?
- Iceland ranks 7th out of 50 countries with data for 2026.
- Is harmonised index of consumer prices (hicp) - ecoicop ver.2 - indices rising or falling in Iceland?
- Over the last ten years it is up 42.6%. 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 - indices and rates of change, monthly data. Statizoid updates them automatically from the source API.
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