The annual inflation rate in Iceland jumped 9.9% in January of 2023, the highest since September 2009, from 9.6% in the prior month. Main upward pressures came from food & non-alcoholic beverages (10.8% vs 10.1% in December), notably citrus fruit & other fresh fruit (17.9% vs 7.5%) and milk, cheese & eggs (13.1% vs 8.8%); alcoholic beverages & tobacco (7.3% vs 3.8%); transport (13.6% vs 11.8%); recreation & culture (4.6% vs 3.8%); education (4% vs 3.1%); health (4.9% vs 4.2%) and hotels, cafés & restaurants (9.8% vs 8.6%). On the other hand, costs mainly eased for housing & utilities (14.1% vs 14.4%), clothing & footwear (1.1% vs 1.6%) and furnishing, household equipment etc. (4.8% vs 7.9%). On a monthly basis, consumer prices went up 0.9% in January, the highest in six months, after a 0.7% rise in December. source: Statistics Iceland
Inflation Rate in Iceland averaged 5.00 percent from 1989 until 2023, reaching an all time high of 25.20 percent in December of 1989 and a record low of -0.06 percent in November of 1994. This page provides - Iceland Inflation Rate - actual values, historical data, forecast, chart, statistics, economic calendar and news. Iceland Inflation Rate - data, historical chart, forecasts and calendar of releases - was last updated on January of 2023.
Inflation Rate in Iceland is expected to be 6.00 percent by the end of this quarter, according to Trading Economics global macro models and analysts expectations.