The annual average consumer price index (CPI) in Iceland has increased steadily over the past 20 years. There was a significant increase from 2007 to 2009 following the international financial crisis, which hit the Icelandic economy hard. In 2022, the CPI increased by over 40 points compared to 2021. The monthly inflation rate increased significantly during 2022 following the COVID-19 pandemic and Russia-Ukraine war.
Annual average consumer price Index (CPI) in Iceland from 2000 to 2022
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Statistics Iceland. (December 22, 2022). Annual average consumer price Index (CPI) in Iceland from 2000 to 2022 [Graph]. In Statista. Retrieved June 10, 2025, from https://www.statista.com/statistics/1290238/iceland-annual-average-consumer-price-index/
Statistics Iceland. "Annual average consumer price Index (CPI) in Iceland from 2000 to 2022." Chart. December 22, 2022. Statista. Accessed June 10, 2025. https://www.statista.com/statistics/1290238/iceland-annual-average-consumer-price-index/
Statistics Iceland. (2022). Annual average consumer price Index (CPI) in Iceland from 2000 to 2022. Statista. Statista Inc.. Accessed: June 10, 2025. https://www.statista.com/statistics/1290238/iceland-annual-average-consumer-price-index/
Statistics Iceland. "Annual Average Consumer Price Index (Cpi) in Iceland from 2000 to 2022." Statista, Statista Inc., 22 Dec 2022, https://www.statista.com/statistics/1290238/iceland-annual-average-consumer-price-index/
Statistics Iceland, Annual average consumer price Index (CPI) in Iceland from 2000 to 2022 Statista, https://www.statista.com/statistics/1290238/iceland-annual-average-consumer-price-index/ (last visited June 10, 2025)
Annual average consumer price Index (CPI) in Iceland from 2000 to 2022 [Graph], Statistics Iceland, December 22, 2022. [Online]. Available: https://www.statista.com/statistics/1290238/iceland-annual-average-consumer-price-index/