CPI Price, % y-o-y, nominal, seas. adj. in Iceland

Iceland: CPI Price, % y-o-y, nominal, seas. adj. was 3.5% in 2026. ◆ Volatile

Latest (2026)
3.5%
Change on year
down 15.1%
World rank
32nd
of 155 countries
All-time high
25.7%
in 1988
All-time low
1.6%
in 1994
Years of data
40
1987–2026

CPI Price, % y-o-y, nominal, seas. adj. in Iceland, 1987–2026

05101520251987200620261987: 18.31988: 25.71989: 16.71990: 15.51991: 6.81992: 3.91993: 4.11994: 1.61995: 1.61996: 2.31997: 1.81998: 1.71999: 3.22000: 5.12001: 6.42002: 5.22003: 2.12004: 3.12005: 42006: 6.72007: 5.12008: 12.72009: 122010: 5.42011: 42012: 5.22013: 3.92014: 22015: 1.62016: 1.72017: 1.82018: 2.72019: 32020: 2.82021: 4.52022: 8.32023: 8.72024: 5.92025: 4.12026: 3.5

Source: World Bank staff calculations based on Datastream data.

Analysis

Iceland recorded 3.5% for cpi price, % y-o-y, nominal, seas. adj. in 2026.

Compared with earlier readings it is down 15.1% on the previous year and up 104.7% 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 32nd out of 155 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.

Averages by decade

DecadeAverage LowestHighest 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 5.4% 2.8% 8.7% 7

Countries ranked near Iceland

  1. 29 Madagascar 4.0% compare
  2. 30 Laos 4.0% compare
  3. 31 Barbados 3.8% compare
  4. 33 Russia 3.4% compare
  5. 34 Azerbaijan 3.4% compare
  6. 35 Eswatini 3.2% compare

See the full ranking of 156 places →

More reference data data for Iceland

All data for Iceland →

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 3.5% 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 32nd out of 155 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 104.7%. 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.

Download this data

CSV · JSON — 40 observations, free to reuse under CC BY 4.0 (World Bank Open Data).

About this data

Indicator
CPI Price, % y-o-y, nominal, seas. adj.
Source
World Bank staff calculations based on Datastream data
Licence
CC BY 4.0 (World Bank Open Data)
Coverage
156 places, 5,423 data points, 1987–2026
Last refreshed

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.