Iceland inflation rate for 2023 was 8.74%, a 0.43% increase from 2022.
Iceland inflation rate for 2022 was 8.31%, a 3.86% increase from 2021.
Iceland inflation rate for 2021 was 4.44%, a 1.6% increase from 2020.
Iceland inflation rate for 2020 was 2.85%, a 0.17% decline from 2019.
Inflation as measured by the consumer price index reflects the annual percentage change in the cost to the average consumer of acquiring a basket of goods and services that may be fixed or changed at specified intervals, such as yearly. The Laspeyres formula is generally used.
