Iceland Inflation Rate

Last Release

Apr 30, 2025

Actual

4.2

Units In

3.8

Frequency

Monthly

Next Release

May 28, 2025

Time to Release

27 Days 9 Hours

Highest	Lowest	Average	Date Range	Source
25.2 Dec 1989	-0.06 Nov 1994	5.11 %	1989-2025	Statistics Iceland

In Iceland, the most important category in the consumer price index is Housing and Utilities (29.3 percent of total weight). Transport accounts for 14.9 percent; Food and Non-Alcoholic Beverages for 14.7 percent; Recreation and Culture for 10.3 percent; Miscellaneous Goods and Services for 6.2 percent and Restaurants and Hotels for 5.4 percent. Furniture, Household Goods and Maintenance; Health; Clothing and Footwear; Alcoholic beverages and Tobacco; Communication and Education account for the remaining 19.2 percent of total weight.

Latest Updates

Iceland's annual inflation rate rebounded to 4.2% in April 2025, up from a four-year low of 3.8% in the previous month, driven by faster price growth in transport (2.6% vs 1% in March), food and non-alcoholic beverages (5.7% vs 4.9%), recreation and culture (3.1% vs 2.9%), and furnishing and household equipment (1.7% vs 0.4%). Meanwhile, these upward pressures were partially offset by slower price increases in housing and utilities (7.2% vs 7.6%); health (3.2% vs 3.5%); and a further drop in prices for hotels, cafés and restaurants (-0.5% vs -0.4%). On a monthly basis, consumer prices rose by 0.9% in April, up from 0.4% in March.