Core consumer prices in Iceland increased 4.10 percent in May of 2021 over the same month in the previous year. source: Statistics Iceland

Core Inflation Rate in Iceland averaged 4.45 percent from 1998 until 2021, reaching an all time high of 18.16 percent in January of 2009 and a record low of 1.09 percent in September of 1998. This page provides the latest reported value for - Iceland Core Inflation Rate - plus previous releases, historical high and low, short-term forecast and long-term prediction, economic calendar, survey consensus and news. Iceland Core Inflation Rate - values, historical data and charts - was last updated on July of 2021.

Core Inflation Rate in Iceland is expected to be 2.80 percent by the end of this quarter, according to Trading Economics global macro models and analysts expectations. Looking forward, we estimate Core Inflation Rate in Iceland to stand at 2.80 in 12 months time. In the long-term, the Iceland Core Inflation Rate is projected to trend around 2.80 percent in 2022, according to our econometric models.

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Iceland Core Inflation Rate

Actual Previous Highest Lowest Dates Unit Frequency
4.10 4.20 18.16 1.09 1998 - 2021 percent Monthly

Iceland Prices Last Previous Highest Lowest Unit
Inflation Rate 4.30 4.30 25.20 -0.06 percent [+]
Consumer Price Index CPI 503.50 502.70 503.50 4.00 points [+]
Harmonised Consumer Prices 108.01 106.20 108.01 42.75 points [+]
Core Consumer Prices 282.80 282.40 282.80 100.00 points [+]
Core Inflation Rate 4.10 4.20 18.16 1.09 percent [+]
GDP Deflator 114.59 110.77 114.59 1.77 points [+]
Producer Prices 237.00 235.20 237.00 99.80 points [+]
Export Prices 106.95 216.36 221.28 0.03 points [+]
Import Prices 109.79 238.21 262.20 0.04 points [+]
Inflation Rate Mom 0.20 0.30 10.40 -1.50 percent [+]
Producer Prices Change 12.20 9.20 68.50 -12.40 percent [+]
CPI Housing Utilities 497.30 493.80 497.30 94.00 points [+]
CPI Transportation 167.60 164.39 183.10 100.30 points [+]
Food Inflation 4.10 5.80 31.18 -6.45 percent [+]


Iceland Core Inflation Rate
In Iceland, the core inflation rate tracks changes in prices that consumers pay for a basket of goods which excludes some volatile price items.