Iceland Inflation Rate
How much consumer prices have risen compared with a year earlier.
5.9%
Matches the latest releaseNot refreshed recently, awaiting the next release
Explore the full Iceland economy16 live indicators on one dashboard, from growth and prices to jobs, trade and public finances. Checked hourly against official sources.Inflation Rate
Jan 2001 to Sep 2026
Source: OECD prices database · Statistics Iceland's national consumer price index, all items, monthly; change on the same month a year earlier, to one decimal place.
Iceland Inflation Rate in context
Worked out from the published series shown above.
In Iceland, the inflation rate rose by 1.8pp over the year to Sep 2026, from 4.1% in Sep 2025.
It is the highest reading since Aug 2024.
Over the past five years it has ranged from 3.7% in Nov 2025 to 10.2% in Feb 2023.
Its average since Jan 2001 is 4.9%, and the latest reading is above that.
Iceland is 10th of 62 countries in our Inflation Rate by Country ranking.
How this series is defined
Everything you need to check the figure against the source.
- Source
- OECD
- Series
- prices
- Frequency
- Monthly
- Unit
- %
- Seasonal adjustment
- Not seasonally adjusted
- Latest observation
- Sep 2026
- Revision status
- Latest published estimate, subject to revision
This is Iceland's national index, which includes owner-occupied housing, not the EU's harmonised index. The Central Bank of Iceland targets 2.5%.
Data refreshed 2026-10-16. Figures are the latest published observations and can be revised.
More Iceland indicators
Latest readings. Open any one for its full history.
Rankings
See every country we track, side by side.