Iceland Consumer Price Index
Consumer price index (2010 = 100) FP.CPI.TOTL
Iceland's consumer price index was 182.90 in 2025, ranked 72nd globally. This represents a 5.9% increase from 2024. Data from World Bank, covering 1960–2025.
Overview
Iceland's consumer price index stood at 182.90 in 2025, a rise of +10.14 from 2024. Based on recent trends, this figure is projected to reach 182.90 by 2025. Iceland ranked 72nd globally.
Iceland's Consumer Price Index (CPI) has experienced significant fluctuations over the past 66 years, with the most recent value standing at 182.90 in 2025. At its all-time trough in 1960, the CPI was merely 0.04, a stark contrast to the current inflationary environment. The country's CPI has been steadily increasing, with no recorded peak year other than 2025. Iceland's CPI ranks 72nd globally as of 2025, closely trailing peer countries such as Lithuania, which has a CPI of 183.46. Notably, Iceland's CPI has surpassed that of its neighbor, West Bank and Gaza, with a CPI of 182.24. This sustained inflationary trend may be attributed to various factors, including the country's reliance on imported goods and services, as well as its vulnerability to global economic shifts. A shift in global commodity prices, particularly for energy and food, could potentially disrupt Iceland's inflation trajectory, influencing the CPI's trajectory in the years to come.
Data & projection
| Year | Consumer Price Index | YoY change | Rank |
|---|---|---|---|
| 2027* trend | 203.85 | - | - |
| 2026* trend | 193.37 | - | - |
| 2025* trend | 182.90 | - | - |
| 2025 | 182.90 | +10.14 | #72 |
| 2024 | 172.76 | +9.56 | #104 |
| 2023 | 163.20 | +13.11 | #101 |
| 2022 | 150.09 | +11.51 | #97 |
| 2021 | 138.57 | +5.90 | #100 |
| 2020 | 132.68 | +3.67 | #97 |
| 2019 | 129.00 | +3.77 | #96 |
| 2018 | 125.23 | +3.27 | #94 |
| 2017 | 121.96 | +2.11 | #97 |
| 2016 | 119.85 | +2.00 | #99 |
| 2015 | 117.85 | +1.89 | #102 |
| 2014 | 115.95 | +2.32 | #100 |
| 2013 | 113.63 | +4.24 | #105 |
| 2012 | 109.39 | +5.39 | #105 |
| 2011 | 104.00 | +4.00 | #77 |
Detected Pattern
Analysis
Iceland matched the Export Boom Cycle pattern in 2016. Historically, 71% of countries showing this pattern (546 out of 768) saw consumer price index improve within 24 months. View full analysis →
Frequently Asked Questions
Iceland's consumer price index was 182.90 in 2025. Ranked 72nd globally. This represents a 5.9% increase from the previous year.
Iceland's consumer price index peaked at 182.90 in 2025.
The lowest consumer price index in Iceland was 0.04 in 1960.
Iceland ranks 72nd globally in consumer price index as of 2025.
The World Bank indicator code is FP.CPI.TOTL. Data sourced from World Bank.
Iceland's consumer price index is projected to reach 182.90 by 2025 based on trend extrapolation.
The consumer price index of Iceland in 2025 was 182.90. This ranks 72nd in the world.
Cite this page
@misc{historysaid_iceland_consumer-price-index,
title = {Iceland Consumer Price Index},
url = {https://historysaid.com/iceland/consumer-price-index/},
publisher = {HistorySaid},
year = {2026}
}