Harmonised Index of Consumer Prices in Iceland

Estadistica Islandia · Mensual · Importance 90

IMF forecast (WEO): 2026: 4.8% 2027: 2.8% 2028: 2.5% 2029: 2.5% 2030: 2.5% 2031: 2.5%

5.25% (Jul-26) YOY · % · Mensual · CSV

Period	%
Jul 2026	5.25%
Jun 2026	5.21%
May 2026	5.12%
Apr 2026	5.25%
Mar 2026	5.38%
Feb 2026	5.19%
Jan 2026	5.16%
Dec 2025	4.49%
Nov 2025	3.70%
Oct 2025	4.31%
Sep 2025	4.11%
Aug 2025	3.76%
Jul 2025	4.01%
Jun 2025	4.16%
May 2025	3.78%
Apr 2025	4.17%
Mar 2025	3.77%
Feb 2025	4.21%
Jan 2025	4.64%
Dec 2024	4.75%
Nov 2024	4.77%
Oct 2024	5.07%
Sep 2024	5.40%
Aug 2024	6.02%
Jul 2024	6.28%
Jun 2024	5.83%
May 2024	6.21%
Apr 2024	6.02%
Mar 2024	6.82%
Feb 2024	6.60%
Jan 2024	6.66%
Dec 2023	7.74%
Nov 2023	8.00%
Oct 2023	7.90%
Sep 2023	7.97%
Aug 2023	7.69%
Jul 2023	7.64%
Jun 2023	8.86%
May 2023	9.47%
Apr 2023	9.88%
Mar 2023	9.81%
Feb 2023	10.19%
Jan 2023	9.94%
Dec 2022	9.57%
Nov 2022	9.34%
Oct 2022	9.41%
Sep 2022	9.33%
Aug 2022	9.75%
Jul 2022	9.93%
Jun 2022	8.83%
May 2022	7.60%
Apr 2022	7.23%
Mar 2022	6.66%
Feb 2022	6.18%
Jan 2022	5.69%
Dec 2021	5.10%
Nov 2021	4.84%
Oct 2021	4.52%
Sep 2021	4.35%
Aug 2021	4.27%

Period	%
Jul 2026	5.6%
Jun 2026	5.1%
May 2026	4.8%
Apr 2026	4.9%
Mar 2026	5.0%
Feb 2026	4.7%
Jan 2026	4.4%
Dec 2025	4.0%
Nov 2025	3.4%
Oct 2025	3.9%
Sep 2025	4.2%
Aug 2025	3.7%
Jul 2025	3.7%
Jun 2025	3.9%
May 2025	3.5%
Apr 2025	3.9%
Mar 2025	3.4%
Feb 2025	3.4%
Jan 2025	3.7%
Dec 2024	3.6%
Nov 2024	3.5%
Oct 2024	3.8%
Sep 2024	3.4%
Aug 2024	4.3%
Jul 2024	5.0%
Jun 2024	5.0%
May 2024	5.2%
Apr 2024	4.6%
Mar 2024	5.1%
Feb 2024	5.3%
Jan 2024	5.6%
Dec 2023	6.9%
Nov 2023	7.4%
Oct 2023	7.6%
Sep 2023	8.5%
Aug 2023	8.3%
Jul 2023	7.4%
Jun 2023	8.0%
May 2023	8.0%
Apr 2023	8.3%
Mar 2023	8.6%
Feb 2023	8.8%
Jan 2023	8.1%
Dec 2022	7.2%
Nov 2022	7.0%
Oct 2022	6.4%
Sep 2022	5.9%
Aug 2022	5.5%
Jul 2022	6.4%
Jun 2022	5.4%
May 2022	5.4%
Apr 2022	5.6%
Mar 2022	5.0%
Feb 2022	4.4%
Jan 2022	4.3%
Dec 2021	3.9%
Nov 2021	3.9%
Oct 2021	4.2%
Sep 2021	3.8%
Aug 2021	3.7%

Period	%
Jul 2026	0.9%
Jun 2026	2.2%
May 2026	0.4%
Apr 2026	0.6%
Mar 2026	0.8%
Feb 2026	1.3%
Jan 2026	0.3%
Dec 2025	0.9%
Nov 2025	-0.9%
Oct 2025	-0.5%
Sep 2025	-0.4%
Aug 2025	-0.2%
Jul 2025	0.5%
Jun 2025	1.8%
May 2025	0.5%
Apr 2025	0.7%
Mar 2025	0.5%
Feb 2025	1.1%
Jan 2025	0.0%
Dec 2024	0.2%
Nov 2024	-0.4%
Oct 2024	-0.1%
Sep 2024	-0.9%
Aug 2024	-0.2%
Jul 2024	0.7%
Jun 2024	1.4%
May 2024	0.8%
Apr 2024	0.3%
Mar 2024	0.5%
Feb 2024	1.4%
Jan 2024	-0.2%
Dec 2023	0.1%
Nov 2023	-0.1%
Oct 2023	-0.5%
Sep 2023	0.0%
Aug 2023	0.5%
Jul 2023	0.7%
Jun 2023	1.6%
May 2023	0.3%
Apr 2023	0.7%
Mar 2023	0.7%
Feb 2023	1.7%
Jan 2023	1.0%
Dec 2022	0.6%
Nov 2022	0.1%
Oct 2022	0.3%
Sep 2022	-0.2%
Aug 2022	-0.2%
Jul 2022	1.2%
Jun 2022	1.7%
May 2022	0.6%
Apr 2022	0.9%
Mar 2022	0.9%
Feb 2022	1.0%
Jan 2022	0.2%
Dec 2021	0.3%
Nov 2021	-0.4%
Oct 2021	-0.1%
Sep 2021	-0.6%
Aug 2021	0.6%

About this indicator

Source	Estadistica Islandia
Frequency	Mensual
Release	En torno a mediados del mes siguiente al periodo de referencia (suele haber un dato preliminar y otro definitivo).
What it is	Measures the change in the prices of a representative basket of goods and services bought by Icelandic households, compiled by Statistics Iceland (Hagstofa Íslands) under the EU's harmonised methodology (HICP). It makes Icelandic inflation comparable with European peers, even though the country is outside the euro area.
How it's calculated	Built from a regular survey of prices at outlets across the country, with each item weighted by household spending under the harmonised COICOP classification. It is published as an index against a base year, with the year-on-year (YoY) and month-on-month (MoM) rates the headline figures.
Market implications	Inflation is the central reference for the Central Bank of Iceland (Seðlabanki), which has run relatively high rates to contain price pressures. A hotter-than-expected reading tends to support the Icelandic króna and delay potential cuts, while a cooler one opens the door to looser policy.
Limitations	The harmonised HICP differs from Iceland's national CPI, which is the gauge the central bank actually targets (it includes owner-occupied housing costs, for example). As a small economy, the series can also be volatile in response to one-off price or exchange-rate moves.