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Iceland - Inflation Rate 1970

Name: Iceland Inflation Rate 1970
Creator: World Bank
License: https://creativecommons.org/licenses/by/4.0/

Consumer price inflation, annual % · World Bank

13.37% −8.39pp from 1969 Global rank: 85th

Iceland's inflation rate was 13.37% in 1970, decreased +8.39pp from 21.76% in 1969. This was the 85th highest globally.

Global Ranking - 1970▾

Inflation Rate by Country - 1970
Rank	Country	Value	YoY
1st	Libya	-5.30%	-154.1%
2nd	Myanmar	-4.01%	7.6%
3rd	Gambia, The	-1.99%	-139.6%
4th	Paraguay	-0.86%	-138.3%
5th	Burundi	-0.20%	-105.0%
6th	Thailand	-0.09%	-103.6%
7th	Saudi Arabia	0.18%	-94.9%
8th	Singapore	0.46%	269.7%
9th	Rwanda	0.51%	6.2%
10th	Niger	1.12%	-89.5%
11th	Morocco	1.28%	-56.6%
12th	Haiti	1.37%	-3.2%
13th	Mauritius	1.54%	-33.4%
14th	Bahrain	1.63%	939.1%
15th	Iran, Islamic Republic of	1.67%	-53.6%
16th	Burkina Faso	1.77%	-81.6%
17th	Malaysia	1.84%	550.8%
18th	Eswatini	1.85%	-42.3%
19th	Kenya	2.19%	1,376.1%
20th	Guatemala	2.34%	11.8%
21st	Cyprus	2.40%	0.6%
22nd	Trinidad and Tobago	2.52%	3.6%
23rd	Suriname	2.59%	-77.0%
24th	Finland	2.74%	24.2%
25th	Samoa	2.74%	-33.6%
26th	Senegal	2.81%	-30.1%
27th	El Salvador	2.82%	1,545.1%
28th	Greece	2.84%	7.7%
29th	Madagascar	2.88%	-24.8%
30th	Honduras	2.88%	129.0%
31st	Ghana	3.03%	-58.6%
32nd	Panama	3.08%	68.7%
33rd	Canada	3.35%	-26.6%
34th	Australia	3.44%	4.9%
35th	Germany	3.45%	80.4%
36th	Tanzania	3.49%	-78.7%
37th	Switzerland	3.62%	45.3%
38th	Netherlands	3.67%	-50.6%
39th	Malta	3.72%	59.2%
40th	Egypt, Arab Republic of	3.76%	10.4%
41st	Gabon	3.81%	28.2%
42nd	Dominican Republic	3.82%	299.0%
43rd	Belgium	3.91%	4.1%
44th	Bolivia, Plurinational State of	3.96%	79.0%
45th	Sudan	4.03%	-68.1%
46th	Fiji	4.12%	-
47th	Iraq	4.36%	-24.1%
48th	Austria	4.37%	42.0%
49th	Togo	4.48%	-25.5%
50th	European Union	4.51%	68.5%
51st	Syrian Arab Republic	4.64%	333.2%
52nd	Luxembourg	4.64%	102.2%
53rd	Costa Rica	4.65%	76.9%
54th	Italy	4.97%	87.0%
55th	South Africa	4.99%	54.2%
56th	Mexico	5.00%	48.6%
57th	Peru	5.03%	-19.4%
58th	India	5.09%	971.8%
59th	Ecuador	5.17%	-18.3%
60th	France	5.30%	-12.3%
61st	Pakistan	5.35%	67.9%
62nd	Spain	5.73%	165.3%
63rd	United States	5.84%	6.9%
64th	Cameroon	5.86%	631.8%
65th	Sri Lanka	5.87%	-21.3%
66th	Jordan	5.90%	-
67th	Israel	6.11%	148.6%
68th	Bahamas, The	6.15%	-31.2%
69th	United Kingdom	6.37%	16.9%
70th	Portugal	6.38%	-27.4%
71st	Denmark	6.51%	86.8%
72nd	New Zealand	6.52%	32.3%
73rd	Algeria	6.60%	-
74th	Colombia	6.91%	-1.0%
75th	Japan	6.92%	31.9%
76th	Sweden	7.02%	160.6%
77th	Barbados	7.28%	24.8%
78th	Türkiye	7.92%	60.9%
79th	Congo, Democratic Republic of	8.03%	29.9%
80th	Côte d'Ivoire	8.21%	84.4%
81st	Ireland	8.21%	10.6%
82nd	Norway	10.64%	259.0%
83rd	Dominica	12.39%	194.0%
84th	Indonesia	12.40%	-19.9%
85th	Iceland	13.37%	-38.6%
86th	St. Lucia	13.40%	494.3%
87th	Nigeria	13.76%	35.5%
88th	Philippines	14.38%	635.4%
89th	Jamaica	14.73%	133.6%
90th	Nepal	15.24%	275.5%
91st	Korea	15.95%	28.7%
92nd	Uruguay	16.31%	-22.2%

FAQ

What was Iceland's inflation rate in 1970?▾

Iceland's inflation rate in 1970 was 13.37%. This ranked 85th globally.

How did Iceland's inflation rate change in 1970?▾

Iceland's inflation rate decreased by 38.6% in 1970 compared to 1969.

Which country had the highest inflation rate in 1970?▾

Uruguay had the highest inflation rate in 1970 at 16.31%.

What is the inflation rate of Iceland in 1970?▾

The inflation rate of Iceland in 1970 was 13.37%. This ranked 85th globally.

How does 1970 compare to 1969 for Iceland's inflation rate?▾

Iceland's inflation rate went from 21.76% in 1969 to 13.37% in 1970, a 38.6% decrease.

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