Iceland Sees Lowest Inflation Rate Since January 2022 Skip to content
Nettó Hagkaup Bónus Iceland Fjarðarkaup
Photo: Golli. Bónus supermarket.

Iceland Sees Lowest Inflation Rate Since January 2022

Inflation in Iceland has dropped to 6%, the lowest since January 2022. The consumer price index, however, rose by 0.55% this month.

Slight rise in the consumer price index

Inflation has dropped by 0.8% points month-over-month, currently measuring at 6%, Statistics Iceland reports. This is the lowest rate since January 2022, when it was recorded at 5.7%.

The consumer price index, however, has risen by 0.55% month-over-month. Excluding housing costs, the index has increased by 0.3% since last month.

The cost of housing, heating, and electricity has increased by 12.3% year-over-year, while the prices of food and beverages have risen by 5.6%.

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