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Inflation rate in Iceland
4.1% in 2025 (was 5.9% in 2024). Latest month 2026-09: 5.4% year on year (Eurostat HICP).
Inflation in Iceland by year
| Year | Inflation |
|---|---|
| 2025 | 4.1% |
| 2024 | 5.9% |
| 2023 | 8.7% |
| 2022 | 8.3% |
| 2021 | 4.4% |
| 2020 | 2.8% |
| 2019 | 3.0% |
| 2018 | 2.7% |
| 2017 | 1.8% |
| 2016 | 1.7% |
Source: World Bank, World Development Indicators (FP.CPI.TOTL.ZG), CC BY 4.0; Eurostat HICP (prc_hicp_minr). Updated automatically.
Questions
What is the inflation rate in Iceland?
Consumer prices in Iceland rose 4.1% in 2025 (World Bank, CPI). The latest monthly figure (Eurostat HICP) is 5.4% for 2026-09.
Is inflation in Iceland going up or down?
It was 5.9% in 2024 and 4.1% in 2025, so it went down.
Where does this data come from?
Yearly figures: World Bank World Development Indicators (FP.CPI.TOTL.ZG, CC BY 4.0). Monthly EU figures: Eurostat HICP. Updated automatically.
Can I get this data for many countries at once?
Yes. The Inflation API returns any country, history and monthly data with one key. Free plan available.