HICP inflation in Iceland
Consumer prices in Iceland, measured by the HICP, changed by 3.7% in 2025.
Iceland, 2025
3.7%
Change from 2024
−0.8percentage points
European Union, 2025
2.5%
Median of OECD (38 countries), 2025
2.8%
Position in 2025
12th of 36
HICP inflation in Iceland over time
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Iceland
European Union
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The chart loads when you scroll to it. The table below shows the same data.
The chart shows a calculation from the published values. The table below keeps the published values.
Annual average rate of change, %. Source: Eurostat. Gaps mean no published value; points are not joined across missing years.
| Period | Iceland | European Union |
|---|---|---|
| 2025 | 3.7% | 2.5% |
| 2024 | 4.5% | 2.6% |
| 2023 | 8.0% | 6.4% |
| 2022 | 5.7% | 9.2% |
| 2021 | 3.7% | 2.9% |
| 2020 | 1.2% | 0.7% |
| 2019 | 2.0% | 1.4% |
| 2018 | 0.7% | 1.8% |
| 2017 | -1.7% | 1.6% |
| 2016 | – | 0.2% |
| 2015 | – | 0.1% |
| 2014 | – | 0.4% |
| 2013 | – | 1.3% |
| 2012 | – | 2.6% |
| 2011 | – | 2.9% |
| 2010 | – | 1.8% |
| 2009 | – | 0.8% |
| 2008 | – | 3.7% |
| 2007 | – | 2.4% |
| 2006 | – | 2.3% |
| 2005 | – | 2.3% |
| 2004 | – | 2.5% |
| 2003 | – | 2.3% |
| 2002 | – | 2.8% |
| 2001 | – | 3.6% |
A dash means no value was published for that period.
In short
- That is a change of −0.8 percentage points from 4.5% in 2024.
- Since 2017, when it was -1.7%, the figure has changed by +5.4 percentage points.
- Among the 36 countries with data for 2025, Iceland has the 12th highest value.
- The figure for the European Union in 2025 was 2.5%.
More for Iceland
All statistics for Iceland
Monthly HICP inflation
5.4%
September 2026 · Eurostat
Consumer price inflation
4.1%
2025 · World Bank
Consumer price level index
173 (EU = 100)
2024 · Eurostat
HICP price index
132.22 (2015 = 100)
2025 · Eurostat
Food price inflation (HICP)
5.3%
2025 · Eurostat
Energy price inflation (HICP)
2.7%
2025 · Eurostat