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Iceland - Inflation Rate 1971

Name: Iceland Inflation Rate 1971
Creator: World Bank
License: https://creativecommons.org/licenses/by/4.0/

Consumer price inflation, annual % · World Bank

6.73% −6.64pp from 1970 Global rank: 72nd

Iceland's inflation rate was 6.73% in 1971, decreased +6.64pp from 13.37% in 1970. This was the 72nd highest globally.

Global Ranking - 1971▾

Inflation Rate by Country - 1971
Rank	Country	Value	YoY
1st	Libya	-3.10%	41.4%
2nd	Nepal	-2.00%	-113.1%
3rd	Guatemala	-0.45%	-119.3%
4th	Côte d'Ivoire	-0.44%	-105.4%
5th	Suriname	0.22%	-91.7%
6th	Mauritius	0.32%	-79.5%
7th	El Salvador	0.45%	-84.2%
8th	Thailand	0.48%	650.5%
9th	Rwanda	0.49%	-5.1%
10th	Poland	1.10%	-
11th	Sudan	1.30%	-67.6%
12th	Malaysia	1.61%	-12.5%
13th	Singapore	1.76%	280.1%
14th	Panama	1.92%	-37.7%
15th	Burkina Faso	2.06%	16.3%
16th	Myanmar	2.09%	152.1%
17th	Honduras	2.22%	-22.8%
18th	Eswatini	2.32%	25.5%
19th	Malta	2.32%	-37.5%
20th	Algeria	2.63%	-60.2%
21st	Sri Lanka	2.67%	-54.6%
22nd	Canada	2.70%	-19.2%
23rd	Gambia, The	3.06%	254.0%
24th	India	3.08%	-39.5%
25th	Costa Rica	3.08%	-33.7%
26th	Egypt, Arab Republic of	3.14%	-16.5%
27th	Greece	3.29%	15.8%
28th	Trinidad and Tobago	3.53%	39.9%
29th	Dominican Republic	3.58%	-6.2%
30th	Iraq	3.60%	-17.4%
31st	Dominica	3.64%	-70.7%
32nd	Bolivia, Plurinational State of	3.67%	-7.1%
33rd	Kenya	3.78%	72.7%
34th	Burundi	3.85%	2,028.9%
35th	Gabon	3.86%	1.3%
36th	Senegal	3.88%	38.0%
37th	Cameroon	4.01%	-31.5%
38th	Cyprus	4.14%	72.7%
39th	Morocco	4.16%	224.8%
40th	Niger	4.19%	275.0%
41st	Iran, Islamic Republic of	4.20%	151.7%
42nd	Indonesia	4.23%	-65.9%
43rd	United States	4.29%	-26.5%
44th	Belgium	4.34%	11.1%
45th	Saudi Arabia	4.47%	2,417.2%
46th	Bahamas, The	4.61%	-25.0%
47th	Luxembourg	4.67%	0.7%
48th	Austria	4.70%	7.6%
49th	Pakistan	4.73%	-11.6%
50th	Samoa	4.77%	73.8%
51st	Tanzania	4.78%	36.7%
52nd	Italy	4.79%	-3.6%
53rd	Jordan	4.82%	-18.4%
54th	Paraguay	4.95%	676.3%
55th	Germany	5.24%	51.9%
56th	European Union	5.24%	16.3%
57th	Jamaica	5.34%	-63.8%
58th	Madagascar	5.39%	87.1%
59th	France	5.40%	1.8%
60th	Mexico	5.47%	9.3%
61st	Syrian Arab Republic	5.61%	21.0%
62nd	Congo, Democratic Republic of	5.78%	-28.0%
63rd	Bahrain	5.79%	255.4%
64th	Denmark	5.87%	-9.9%
65th	South Africa	5.96%	19.3%
66th	Australia	6.14%	78.5%
67th	Norway	6.22%	-41.5%
68th	Japan	6.40%	-7.6%
69th	Finland	6.48%	136.3%
70th	Togo	6.49%	44.9%
71st	Switzerland	6.57%	81.8%
72nd	Iceland	6.73%	-49.7%
73rd	Peru	6.79%	35.1%
74th	Sweden	7.40%	5.4%
75th	Barbados	7.47%	2.5%
76th	Netherlands	7.48%	103.8%
77th	Spain	8.24%	43.7%
78th	St. Lucia	8.39%	-37.4%
79th	Ireland	8.96%	9.2%
80th	Fiji	9.14%	121.6%
81st	United Kingdom	9.44%	48.4%
82nd	Ecuador	9.52%	84.1%
83rd	Ghana	9.56%	215.4%
84th	Haiti	9.58%	600.0%
85th	New Zealand	10.39%	59.4%
86th	Colombia	11.94%	72.8%
87th	Portugal	11.95%	87.3%
88th	Israel	11.97%	95.9%
89th	Korea	13.51%	-15.3%
90th	Seychelles	14.60%	-
91st	Nigeria	16.00%	16.3%
92nd	Türkiye	19.01%	139.9%
93rd	Chile	20.05%	-
94th	Philippines	21.40%	48.8%
95th	Uruguay	23.95%	46.9%

FAQ

What was Iceland's inflation rate in 1971?▾

Iceland's inflation rate in 1971 was 6.73%. This ranked 72nd globally.

How did Iceland's inflation rate change in 1971?▾

Iceland's inflation rate decreased by 49.7% in 1971 compared to 1970.

Which country had the highest inflation rate in 1971?▾

Uruguay had the highest inflation rate in 1971 at 23.95%.

What is the inflation rate of Iceland in 1971?▾

The inflation rate of Iceland in 1971 was 6.73%. This ranked 72nd globally.

How does 1971 compare to 1970 for Iceland's inflation rate?▾

Iceland's inflation rate went from 13.37% in 1970 to 6.73% in 1971, a 49.7% decrease.

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