Cost of food in Iceland increased 10.80 percent in January of 2023 over the same month in the previous year. source: Statistics Iceland

Food Inflation in Iceland averaged 3.83 percent from 1993 until 2023, 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 February of 2023.

Food Inflation in Iceland is expected to be 6.20 percent by the end of this quarter, according to Trading Economics global macro models and analysts expectations.

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Iceland Food Inflation

Related Last Previous Unit Reference
Inflation Rate 9.90 9.60 percent Jan 2023
Consumer Price Index CPI 569.40 564.60 points Jan 2023
Core Inflation Rate 9.13 8.86 percent Jan 2023
Core Consumer Prices 316.60 314.40 points Jan 2023
GDP Deflator 121.25 114.60 points Dec 2021
Producer Prices 288.80 285.60 points Dec 2022
Inflation Rate MoM 0.90 0.70 percent Jan 2023
Food Inflation 10.80 10.10 percent Jan 2023
CPI Transportation 188.68 188.38 points Jan 2023
CPI Housing Utilities 598.50 591.20 points Jan 2023
Producer Prices Change 8.50 3.50 percent Dec 2022