CPI Price, % y-o-y, nominal, seas. adj. in Iceland
Iceland: CPI Price, % y-o-y, nominal, seas. adj. was 4.5% in 2026. ◆ Volatile
CPI Price, % y-o-y, nominal, seas. adj. in Iceland, 1987–2026
Source: World Bank staff calculations based on Datastream data.
Analysis
Iceland recorded 4.5% for cpi price, % y-o-y, nominal, seas. adj. in 2026.
Compared with earlier readings it is up 9.5% on the previous year and up 164.1% over ten years.
Over the whole period, cpi price, % y-o-y, nominal, seas. adj. in Iceland peaked at 25.7% in 1988 and was at its lowest, 1.6%, in 1994.
That places Iceland 37th out of 156 countries with data for 2026, putting it in the top quarter.
The series is highly variable year to year, so single readings are best treated with caution.
CPI Price, % y-o-y, nominal, seas. adj. in Iceland, year by year
| Year | Value | Change |
|---|---|---|
| 1987 | 18.3% | — |
| 1988 | 25.7% | +40.6% |
| 1989 | 16.7% | -35.0% |
| 1990 | 15.5% | -7.2% |
| 1991 | 6.8% | -56.2% |
| 1992 | 3.9% | -41.9% |
| 1993 | 4.1% | +3.6% |
| 1994 | 1.6% | -61.9% |
| 1995 | 1.6% | +5.6% |
| 1996 | 2.3% | +37.1% |
| 1997 | 1.8% | -20.4% |
| 1998 | 1.7% | -5.0% |
| 1999 | 3.2% | +88.5% |
| 2000 | 5.1% | +59.3% |
| 2001 | 6.4% | +24.9% |
| 2002 | 5.2% | -19.1% |
| 2003 | 2.1% | -60.1% |
| 2004 | 3.1% | +52.4% |
| 2005 | 4.0% | +27.2% |
| 2006 | 6.7% | +66.6% |
| 2007 | 5.1% | -24.0% |
| 2008 | 12.7% | +150.2% |
| 2009 | 12.0% | -5.3% |
| 2010 | 5.4% | -55.1% |
| 2011 | 4.0% | -26.1% |
| 2012 | 5.2% | +30.1% |
| 2013 | 3.9% | -25.2% |
| 2014 | 2.0% | -47.6% |
| 2015 | 1.6% | -19.9% |
| 2016 | 1.7% | +3.9% |
| 2017 | 1.8% | +4.5% |
| 2018 | 2.7% | +51.6% |
| 2019 | 3.0% | +11.9% |
| 2020 | 2.8% | -5.2% |
| 2021 | 4.5% | +56.8% |
| 2022 | 8.3% | +86.1% |
| 2023 | 8.7% | +5.3% |
| 2024 | 5.9% | -33.0% |
| 2025 | 4.1% | -30.2% |
| 2026 | 4.5% | +9.5% |
Iceland compared with similar countries
- Iceland's 4.5% is above the median for high income countries, which is 2.1%, 2.1× the median. (56 countries reporting)
- Iceland's 4.5% is above the median for Europe & Central Asia, which is 2.4%, 1.8× the median. (44 countries reporting)
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 1980s | 20.2% | 16.7% | 25.7% | 3 |
| 1990s | 4.3% | 1.6% | 15.5% | 10 |
| 2000s | 6.2% | 2.1% | 12.7% | 10 |
| 2010s | 3.1% | 1.6% | 5.4% | 10 |
| 2020s | 5.5% | 2.8% | 8.7% | 7 |
Countries ranked near Iceland
- 34 Philippines 4.5% compare
- 35 Kenya 4.5% compare
- 36 Azerbaijan 4.5% compare
- 38 Jamaica 4.3% compare
- 39 Mozambique 4.3% compare
- 40 Georgia 4.3% compare
More reference data data for Iceland
- Emission Totals - Indirect emissions (N2O) - Manure applied to Soils 0.0288 (2050)
- Emission Totals - Indirect emissions (N2O) - Manure left on Pasture 0.0708 (2050)
- Emission Totals - Indirect emissions (N2O) - IPCC Agriculture 0.1854 (2050)
- Emission Totals - Indirect emissions (N2O) - Crop Residues 0.0001 (2050)
- Emission Totals - Indirect emissions (N2O) - Agricultural Soils 0.1854 (2050)
- Emission Totals - Emissions (N2O) - Manure applied to Soils 0.0964 (2050)
- Emission Totals - Emissions (N2O) - Manure Management 0.062 (2050)
- Emission Totals - Emissions (N2O) - Manure left on Pasture 0.2576 (2050)
- Emission Totals - Emissions (N2O) - IPCC Agriculture 0.7664 (2050)
- Emission Totals - Emissions (N2O) - Crop Residues 0.0005 (2050)
Frequently asked questions
- What is cpi price, % y-o-y, nominal, seas. adj. in Iceland?
- Cpi price, % y-o-y, nominal, seas. adj. in Iceland was 4.5% in 2026, according to World Bank staff calculations based on Datastream data.
- What is the highest cpi price, % y-o-y, nominal, seas. adj. recorded in Iceland?
- The highest recorded value was 25.7% in 1988.
- What is the lowest cpi price, % y-o-y, nominal, seas. adj. recorded in Iceland?
- The lowest recorded value was 1.6% in 1994.
- How does Iceland rank for cpi price, % y-o-y, nominal, seas. adj.?
- Iceland ranks 37th out of 156 countries with data for 2026.
- Is cpi price, % y-o-y, nominal, seas. adj. rising or falling in Iceland?
- Over the last ten years it is up 164.1%. The long-run trend across the full record is volatile.
- Where does this Iceland data come from?
- The figures come from World Bank staff calculations based on Datastream data, published as part of CPI Price, % y-o-y, nominal, seas. adj.. Statizoid updates them automatically from the source API.
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About this data
The consumer price index reflects the change in prices for the average consumer of a constant basket of consumer goods. Data is in nominal percentage terms, measured on a year-on-year basis, and seasonally adjusted.