Iceland Inflation Rate 1960-2024
Inflation as measured by the consumer price index reflects the annual percentage change in the cost to the average consumer of acquiring a basket of goods and services that may be fixed or changed at specified intervals, such as yearly. The Laspeyres formula is generally used.
- Iceland inflation rate for 2022 was 8.31%, a 3.86% increase from 2021.
- Iceland inflation rate for 2021 was 4.44%, a 1.6% increase from 2020.
- Iceland inflation rate for 2020 was 2.85%, a 0.17% decline from 2019.
- Iceland inflation rate for 2019 was 3.01%, a 0.33% increase from 2018.
| Iceland Inflation Rate - Historical Data | ||
|---|---|---|
| Year | Inflation Rate (%) | Annual Change |
| 2022 | 8.31% | 3.86% |
| 2021 | 4.44% | 1.60% |
| 2020 | 2.85% | -0.17% |
| 2019 | 3.01% | 0.33% |
| 2018 | 2.68% | 0.92% |
| 2017 | 1.76% | 0.06% |
| 2016 | 1.70% | 0.06% |
| 2015 | 1.63% | -0.41% |
| 2014 | 2.04% | -1.83% |
| 2013 | 3.87% | -1.31% |
| 2012 | 5.19% | 1.18% |
| 2011 | 4.00% | -1.40% |
| 2010 | 5.40% | -6.61% |
| 2009 | 12.00% | -0.69% |
| 2008 | 12.69% | 7.64% |
| 2007 | 5.05% | -1.64% |
| 2006 | 6.69% | 2.70% |
| 2005 | 3.99% | 0.83% |
| 2004 | 3.16% | 1.10% |
| 2003 | 2.06% | -3.14% |
| 2002 | 5.20% | -1.21% |
| 2001 | 6.41% | 1.27% |
| 2000 | 5.14% | 1.90% |
| 1999 | 3.23% | 1.57% |
| 1998 | 1.66% | -0.16% |
| 1997 | 1.82% | -0.45% |
| 1996 | 2.26% | 0.61% |
| 1995 | 1.65% | 0.10% |
| 1994 | 1.55% | -2.49% |
| 1993 | 4.04% | 0.10% |
| 1992 | 3.95% | -2.86% |
| 1991 | 6.81% | -8.70% |
| 1990 | 15.51% | -5.25% |
| 1989 | 20.76% | -4.97% |
| 1988 | 25.73% | 7.43% |
| 1987 | 18.30% | -3.83% |
| 1986 | 22.13% | -9.87% |
| 1985 | 31.99% | 1.14% |
| 1984 | 30.85% | -53.10% |
| 1983 | 83.95% | 33.71% |
| 1982 | 50.24% | -1.55% |
| 1981 | 51.79% | -6.74% |
| 1980 | 58.53% | 14.08% |
| 1979 | 44.44% | 0.69% |
| 1978 | 43.75% | 13.43% |
| 1977 | 30.32% | -1.72% |
| 1976 | 32.04% | -17.33% |
| 1975 | 49.36% | 6.85% |
| 1974 | 42.52% | 21.16% |
| 1973 | 21.35% | 11.54% |
| 1972 | 9.81% | 3.08% |
| 1971 | 6.73% | -6.64% |
| 1970 | 13.37% | -8.39% |
| 1969 | 21.76% | 6.53% |
| 1968 | 15.23% | 11.91% |
| 1967 | 3.32% | -7.37% |
| 1966 | 10.69% | 3.37% |
| 1965 | 7.32% | -11.93% |
| 1964 | 19.25% | 6.32% |
| 1963 | 12.93% | 1.91% |
| 1962 | 11.02% | 6.30% |
| 1961 | 4.71% | 2.72% |
| 1960 | 1.99% | 2.72% |