Iceland - Inflation

Inflation, consumer prices (annual %)

The value for Inflation, consumer prices (annual %) in Iceland was 4.44 as of 2021. As the graph below shows, over the past 61 years this indicator reached a maximum value of 83.95 in 1983 and a minimum value of 1.55 in 1994.

Definition: 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.

Source: International Monetary Fund, International Financial Statistics and data files.

See also:

Year Value
1960 1.99
1961 4.71
1962 11.02
1963 12.93
1964 19.25
1965 7.32
1966 10.69
1967 3.32
1968 15.23
1969 21.76
1970 13.37
1971 6.73
1972 9.81
1973 21.35
1974 42.52
1975 49.36
1976 32.04
1977 30.32
1978 43.75
1979 44.44
1980 58.53
1981 51.79
1982 50.24
1983 83.95
1984 30.85
1985 31.99
1986 22.13
1987 18.30
1988 25.73
1989 20.76
1990 15.51
1991 6.81
1992 3.95
1993 4.04
1994 1.55
1995 1.65
1996 2.26
1997 1.82
1998 1.66
1999 3.23
2000 5.14
2001 6.41
2002 5.20
2003 2.06
2004 3.16
2005 3.99
2006 6.69
2007 5.05
2008 12.69
2009 12.00
2010 5.40
2011 4.00
2012 5.19
2013 3.87
2014 2.04
2015 1.63
2016 1.70
2017 1.76
2018 2.68
2019 3.01
2020 2.85
2021 4.44

Inflation, GDP deflator (annual %)

The value for Inflation, GDP deflator (annual %) in Iceland was 3.21 as of 2020. As the graph below shows, over the past 59 years this indicator reached a maximum value of 20.87 in 1969 and a minimum value of 0.49 in 2003.

Definition: Inflation as measured by the annual growth rate of the GDP implicit deflator shows the rate of price change in the economy as a whole. The GDP implicit deflator is the ratio of GDP in current local currency to GDP in constant local currency.

Source: World Bank national accounts data, and OECD National Accounts data files.

See also:

Year Value
1961 13.28
1962 11.15
1963 8.23
1964 16.18
1965 12.31
1966 10.44
1967 2.76
1968 13.71
1969 20.87
1996 2.48
1997 2.75
1998 4.71
1999 3.50
2000 4.02
2001 8.70
2002 5.87
2003 0.49
2004 2.68
2005 3.07
2006 8.62
2007 4.33
2008 12.14
2009 10.80
2010 6.37
2011 3.10
2012 3.44
2013 2.12
2014 4.14
2015 6.05
2016 2.26
2017 0.94
2018 2.65
2019 4.59
2020 3.21

Inflation, GDP deflator: linked series (annual %)

The latest value for Inflation, GDP deflator: linked series (annual %) in Iceland was 3.21 as of 2020. Over the past 24 years, the value for this indicator has fluctuated between 12.14 in 2008 and 0.49 in 2003.

Definition: Inflation as measured by the annual growth rate of the GDP implicit deflator shows the rate of price change in the economy as a whole. This series has been linked to produce a consistent time series to counteract breaks in series over time due to changes in base years, source data and methodologies. Thus, it may not be comparable with other national accounts series in the database for historical years.

Source: World Bank staff estimates based on World Bank national accounts data archives, OECD National Accounts, and the IMF WEO database.

See also:

Year Value
1996 2.48
1997 2.75
1998 4.71
1999 3.50
2000 4.02
2001 8.70
2002 5.87
2003 0.49
2004 2.68
2005 3.07
2006 8.62
2007 4.33
2008 12.14
2009 10.80
2010 6.37
2011 3.10
2012 3.44
2013 2.12
2014 4.14
2015 6.05
2016 2.26
2017 0.94
2018 2.65
2019 4.59
2020 3.21

Classification

Topic: Financial Sector Indicators

Sub-Topic: Exchange rates & prices