Cost of food in Iceland increased 7.40 percent in October of 2020 over the same month in the previous year. source: Statistics Iceland
Food Inflation in Iceland averaged 3.68 percent from 1993 until 2020, reaching an all time high of 31.18 percent in December of 2008 and a record low of -6.45 percent in November of 1994. This page provides the latest reported value for - Iceland Food Inflation - plus previous releases, historical high and low, short-term forecast and long-term prediction, economic calendar, survey consensus and news. Iceland Food Inflation - values, historical data and charts - was last updated on November of 2020.
Food Inflation in Iceland is expected to be 3.80 percent by the end of this quarter, according to Trading Economics global macro models and analysts expectations. Looking forward, we estimate Food Inflation in Iceland to stand at 3.80 in 12 months time. In the long-term, the Iceland Food Inflation is projected to trend around 3.80 percent in 2021, according to our econometric models.