The annual inflation rate in Iceland came in at 4.3 percent in August of 2021, the same as in each of the previous 2 months. Prices rose faster for housing & utilities (6.5 percent vs 6.3 percent in July), furnishing (5.0 percent vs 4.0 percent), recreation & culture (2.5 percent vs 2.4 percent), and hotels & restaurants (4.3 percent vs 3.5 percent). On the other hand, costs slowed for food & non-alcoholic beverages (1.5 percent vs 1.7 percent), transport (6.6 percent vs 7.0 percent), clothing & footwear (0.0 percent vs 2.7 percent), education (1.5 percent vs 2.0 percent) and miscellaneous goods & services (3.9 percent vs 4.2 percent). On a monthly basis, consumer prices edged up 0.5 percent, followed by a 0.2 percent increase in July. source: Statistics Iceland
Inflation Rate in Iceland averaged 4.89 percent from 1989 until 2021, 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 September of 2021.
Inflation Rate in Iceland is expected to be 4.00 percent by the end of this quarter, according to Trading Economics global macro models and analysts expectations. In the long-term, the Iceland Inflation Rate is projected to trend around 2.30 percent in 2022 and 2.70 percent in 2023, according to our econometric models.