Iceland — Inflation
Inflation, Consumer Prices (Annual %) for Iceland, 1960–2025.
Latest value · 2025
4.09%
Inflation, Consumer Prices (Annual %) · annual % · +105.7% since 1960
Inflation for Iceland was 4.09% in 2025, according to the latest World Bank data. The series covers 66 years, from 1960 to 2025. The highest recorded value was 83.95% in 1983. The lowest was 1.55% in 1994 (about 2.6× the low point). Across that span the compound annual growth rate works out to 1.12% per year.
Iceland ranks 57 of 187 economies on this measure (1 = highest), putting it in the top 30%. The median for Europe & Central Asia is 3.79%, so Iceland sits above it. It peaked in 1983 and has fallen 95% since. Over the last decade (2015–2025) the figure moved up 151%.
Key figures
Latest (2025)
4.09%
First (1960)
1.99%
Change
+105.7%
Highest
83.95%
in 1983
Lowest
1.55%
in 1994
Average
14.64%
Annual growth (CAGR)
1.12%
Years of data
66
Recent years
| Year | annual % |
|---|---|
| 2025 | 4.09% |
| 2024 | 5.86% |
| 2023 | 8.74% |
| 2022 | 8.31% |
| 2021 | 4.44% |
| 2020 | 2.85% |
| 2019 | 3.01% |
| 2018 | 2.68% |
| 2017 | 1.76% |
| 2016 | 1.7% |
| 2015 | 1.63% |
| 2014 | 2.04% |
Reading this correctly. Annual percentage change in the cost to the average consumer of acquiring a basket of goods and services. A negative value means deflation. Figures are in annual %. Comparing this series with a different measure of the same concept (for example a nominal figure against a purchasing-power-parity figure) will give misleading results.
Related data
Source. World Bank Open Data, indicator
FP.CPI.TOTL.ZG — Inflation, Consumer Prices (Annual %). Data licensed under CC BY 4.0. Values are reproduced as published; this page computes the summary statistics (change, CAGR, extremes) from the underlying annual series. View the original dataset on data.worldbank.org.