Iceland: Inflation, monthly
* indicates monthly or quarterly data series
The most recent value is 0.37 percent as of May 2026, a decline compared to the previous value of 0.65 percent. Historically, the average for Iceland from January 2016 to May 2026 is 0.26 percent. The minimum of -2.39 percent was recorded in September 2018, while the maximum of 2.24 percent was reached in June 2018.
Click on the following link to see the values of: Inflation, monthly around the world.
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* indicates monthly or quarterly data series
- Measure: percent
- Source: Eurostat
| Recent values | Iceland: Inflation, monthly percent change in the CPI |
|---|---|
| 2026 May | 0.37 |
| 2026 Apr | 0.65 |
| 2026 Mar | 0.76 |
| 2026 Feb | 1.29 |
| 2026 Jan | 0.34 |
| 2025 Dec | 0.88 |
| 2025 Nov | -0.87 |
| 2025 Oct | -0.45 |
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Definition: The percentage change in the CPI from one month to the next.
| Related indicators | Latest | Reference | Measure |
|---|---|---|---|
| Inflation | 5.9 | 2024 | percent |
| Exchange rate regimes | 7 | 2023 | index points |
| USD exchange rate | 125.0265 | 6/2026 | Local Currency Units per USD |
| Money supply (broad money) | 3,248.69 | 12/2025 | billion |
| Consumer Price Index (CPI) | 104.3400 | 5/2026 | index points |
| Inflation, monthly | 0.37 | 5/2026 | percent |
| Inflation, annual | 4.77 | 5/2026 | percent |
| Food and beverages inflation | 4.91 | 4/2026 | percent |
| Alcohol and tobacco inflation | 3.80 | 4/2026 | percent |
| Energy price inflation | -7.50 | 4/2026 | percent |
| Transport services inflation | 7.10 | 4/2026 | percent |
| Information and communication inflation | 3.60 | 4/2026 | percent |
| Restaurant and accommodation services inflation | 3.60 | 4/2026 | percent |
| Health care inflation | 4.70 | 4/2026 | percent |
| Education services inflation | 4.40 | 4/2026 | percent |
| Clothing and footwear inflation | 4.40 | 4/2026 | percent |
| Housing inflation | 8.80 | 4/2026 | percent |
| Private sector credit | 4,366.37 | 12/2025 | billion |
| Business credit | 2,108.21 | 12/2025 | billion |
| Household credit | 2,258.16 | 12/2025 | billion |
| Mortgage credit | 1,987.95 | 12/2025 | billion |
| Consumer credit | 270.21 | 12/2025 | billion |
| Deposit interest rate | 0.90 | 6/2026 | percent |
| Policy rate | 7.75 | 5/2026 | percent |
| Bank deposits, total | 3,558.95 | 4/2026 | billion local currency units |
| Bank deposits, local currency | 3,172.42 | 4/2026 | billion local currency units |
| Bank deposits, foreign currency | 386.52 | 4/2026 | billion local currency units |