Inflation of consumer prices in Iceland
Iceland: Inflation of consumer prices was 4.09 in 2025. ◆ Volatile
Latest (2025)
4.09
Change on year
down 30.2%
World rank
59th
of 190 countries
All-time high
83.95
in 1983
All-time low
1.55
in 1994
Years of data
66
1960–2025
Inflation of consumer prices in Iceland, 1960–2025
Source: Our World in Data.
Analysis
In 2025, inflation of consumer prices in Iceland stood at 4.09.
Compared with earlier readings it is down 30.2% on the previous year and up 150.5% over ten years.
Over the whole period, inflation of consumer prices in Iceland peaked at 83.95 in 1983 and was at its lowest, 1.55, in 1994.
Iceland ranks 59th of 190 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.
Inflation of consumer prices in Iceland, year by year
| Year | Value | Change |
|---|---|---|
| 1960 | 1.99 | — |
| 1961 | 4.71 | +137.0% |
| 1962 | 11.02 | +133.8% |
| 1963 | 12.93 | +17.4% |
| 1964 | 19.25 | +48.9% |
| 1965 | 7.32 | -62.0% |
| 1966 | 10.69 | +46.1% |
| 1967 | 3.32 | -68.9% |
| 1968 | 15.1 | +354.7% |
| 1969 | 21.74 | +44.0% |
| 1970 | 13.37 | -38.5% |
| 1971 | 6.73 | -49.7% |
| 1972 | 9.81 | +45.7% |
| 1973 | 21.35 | +117.7% |
| 1974 | 42.52 | +99.1% |
| 1975 | 49.36 | +16.1% |
| 1976 | 31.95 | -35.3% |
| 1977 | 30.32 | -5.1% |
| 1978 | 43.75 | +44.3% |
| 1979 | 44.44 | +1.6% |
| 1980 | 58.53 | +31.7% |
| 1981 | 51.79 | -11.5% |
| 1982 | 50.24 | -3.0% |
| 1983 | 83.95 | +67.1% |
| 1984 | 30.85 | -63.2% |
| 1985 | 31.99 | +3.7% |
| 1986 | 22.13 | -30.8% |
| 1987 | 18.3 | -17.3% |
| 1988 | 25.73 | +40.6% |
| 1989 | 20.76 | -19.3% |
| 1990 | 15.51 | -25.3% |
| 1991 | 6.81 | -56.1% |
| 1992 | 3.95 | -42.0% |
| 1993 | 4.04 | +2.4% |
| 1994 | 1.55 | -61.6% |
| 1995 | 1.65 | +6.3% |
| 1996 | 2.26 | +36.9% |
| 1997 | 1.82 | -19.7% |
| 1998 | 1.66 | -8.6% |
| 1999 | 3.23 | +94.8% |
| 2000 | 5.14 | +58.9% |
| 2001 | 6.41 | +24.7% |
| 2002 | 5.2 | -18.9% |
| 2003 | 2.06 | -60.4% |
| 2004 | 3.16 | +53.6% |
| 2005 | 3.99 | +26.2% |
| 2006 | 6.69 | +67.7% |
| 2007 | 5.05 | -24.5% |
| 2008 | 12.69 | +151.3% |
| 2009 | 12 | -5.4% |
| 2010 | 5.4 | -55.0% |
| 2011 | 4 | -25.9% |
| 2012 | 5.19 | +29.6% |
| 2013 | 3.87 | -25.3% |
| 2014 | 2.04 | -47.2% |
| 2015 | 1.63 | -20.1% |
| 2016 | 1.7 | +3.9% |
| 2017 | 1.76 | +3.7% |
| 2018 | 2.68 | +52.4% |
| 2019 | 3.01 | +12.3% |
| 2020 | 2.85 | -5.5% |
| 2021 | 4.44 | +56.1% |
| 2022 | 8.31 | +87.0% |
| 2023 | 8.74 | +5.1% |
| 2024 | 5.86 | -33.0% |
| 2025 | 4.09 | -30.2% |
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 1960s | 10.81 | 1.99 | 21.74 | 10 |
| 1970s | 29.36 | 6.73 | 49.36 | 10 |
| 1980s | 39.43 | 18.3 | 83.95 | 10 |
| 1990s | 4.25 | 1.55 | 15.51 | 10 |
| 2000s | 6.24 | 2.06 | 12.69 | 10 |
| 2010s | 3.13 | 1.63 | 5.4 | 10 |
| 2020s | 5.71 | 2.85 | 8.74 | 6 |
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)
- GNI, Atlas method (current US$), annual growth rate 11.95 % change on previous year (2025)
- GNI, Atlas method (current US$), per unit of GDP 0.9074 current US$ per US$ of GDP (2025)
- GNI, Atlas method (current US$), per capita 89,219 current US$ per person (2025)
- GNI (current US$), annual growth rate 17.05 % change on previous year (2025)
- GNI (current US$), per unit of GDP 0.9978 current US$ per US$ of GDP (2025)
- GNI (current US$), per capita 98,107 current US$ per person (2025)
- GNI (current LCU), annual growth rate 8.97 % change on previous year (2025)
- GNI (current LCU), per unit of GDP 128.16 current LCU per US$ of GDP (2025)
Frequently asked questions
- What is inflation of consumer prices in Iceland?
- Inflation of consumer prices in Iceland was 4.09 in 2025, according to Our World in Data.
- What is the highest inflation of consumer prices recorded in Iceland?
- The highest recorded value was 83.95 in 1983.
- What is the lowest inflation of consumer prices recorded in Iceland?
- The lowest recorded value was 1.55 in 1994.
- How does Iceland rank for inflation of consumer prices?
- Iceland ranks 59th out of 190 countries with data for 2025.
- Is inflation of consumer prices rising or falling in Iceland?
- Over the last ten years it is up 150.5%. The long-run trend across the full record is volatile.
- Where does this Iceland data come from?
- The figures come from Our World in Data, published as part of Inflation of consumer prices. Statizoid updates them automatically from the source API.
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