Inflation in Iceland Increases Slightly Skip to content

Inflation in Iceland Increases Slightly

The inflation in Iceland increased by 0.95 percent between February and March, according to new numbers from Statistics Iceland. The annual inflation is therefore up to 2.3 percent, compared to 1.9 percent in February.


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The inflation increased by 1.2 percent in the past three months, which equals an annual inflation of 5.0 percent, Fréttabladid reports. The Central Bank’s target inflation is 2.5 percent.

In its newsletter, Morgunkorn, the Íslandsbanki Research Department stated that rising fuel prices, the end of sales and higher real estate prices were the most dominating factors causing increased inflation in March.

The items that pulled the monthly increase down were primarily the prices of daily products and services, the newsletter concluded.

Click here to read more about inflation and other recent economic news.

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