Home → Iceland → Prices & Inflation → Inflation Rate → 2020s

Iceland Inflation Rate 2020s

Name: Iceland Inflation Rate 2020s
Creator: World Bank
License: https://creativecommons.org/licenses/by/4.0/

Consumer price inflation, annual % · World Bank

5.74% decade average (2020-2029)

Iceland's inflation rate during the 2020s ranged from 2.85% (2020) to 8.74% (2023), averaging 5.74% over 6 years of data.

← 2010s

2020s Data▾

Year	Value	Change	Rank
2020	2.85%	−0.16pp	119th
2021	4.44%	+1.60pp	120th
2022	8.31%	+3.85pp	106th
2023	8.74%	+0.43pp	140th
2024	5.86%	−2.88pp	152nd
2025	4.22%	−1.64pp	56th