Faroe Islands Inflation Rate

Last Release

Jun 30, 2025

Actual

0.7

Units In

1.3

Frequency

Quarterly

Next Release

Sep 24, 2025

Time to Release

2 Months 28 Days 8 Hours

Highest	Lowest	Average	Date Range	Source
10.1 Dec 2022	-3.1 Sep 2009	1.56 %	2002-2025	Statistics Faroe Islands

In Faroe Islands, the most important categories in the consumer price index are food and non-alcoholic beverages (20 percent of total weight), housing and utilities (18 percent), transport (14 percent), and recreation and culture (11 percent). Miscellaneous goods and services account for 8 percent; furnishing and household equipment for 8 percent; and clothing and footwear for 6 percent. The index also includes: communication (5 percent); alcoholic beverages and tobacco (5 percent); restaurants and hotels (3 percent); and health (2 percent).

Latest Updates

The annual inflation rate in Faroe Islands eased to 0.7% in the second quarter of 2025 from 1.3% in the previous three-month period. It marked the lowest reading since the fourth quarter of 2020, as costs moderated for furnishings and household equipment (0.4% vs 3.0% in Q1) and recreation and culture (0.4% vs 0.5%). Additionally, prices continued to decline for clothing and footwear (-3.3% vs -2.7%), and transportation (-0.6% vs -0.1%). Prices also tumbled for housing & utilities (-4.9 vs 2.7%). In contrast, inflation increased for hotel and restaurants (7.2% vs 3.0%), communication (1.6% vs 1.1%), and food and non-alcoholic beverages (4.7% vs 4.6%). On a quarterly basis, consumer prices fell by 0.1%, reversing a 0.9% rise in the preceding quarter.