The annual average consumer price index (CPI) in Iceland has increased steadily over the past 20 years. There was a significant increase from 2007 to 2009 following the international financial crisis, which hit the Icelandic economy hard. In 2022, the CPI increased by over ** points compared to 2021. The monthly inflation rate increased significantly during 2022 following the COVID-19 pandemic and Russia-Ukraine war.
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Statistics Iceland. (December 22, 2022). Annual average consumer price Index (CPI) in Iceland from 2000 to 2022 [Graph]. In ÌÇÐÄÆƽâ°æ. Retrieved July 25, 2026, from /statistics/1290238/iceland-annual-average-consumer-price-index/
Statistics Iceland. "Annual average consumer price Index (CPI) in Iceland from 2000 to 2022." Chart. December 22, 2022. ÌÇÐÄÆƽâ°æ. Accessed July 25, 2026. /statistics/1290238/iceland-annual-average-consumer-price-index/
Statistics Iceland. (2022). Annual average consumer price Index (CPI) in Iceland from 2000 to 2022. ÌÇÐÄÆƽâ°æ. ÌÇÐÄÆƽâ°æ Inc.. Accessed: July 25, 2026. /statistics/1290238/iceland-annual-average-consumer-price-index/
Statistics Iceland. "Annual Average Consumer Price Index (Cpi) in Iceland from 2000 to 2022." ÌÇÐÄÆƽâ°æ, ÌÇÐÄÆƽâ°æ Inc., 22 Dec 2022, /statistics/1290238/iceland-annual-average-consumer-price-index/
Statistics Iceland, Annual average consumer price Index (CPI) in Iceland from 2000 to 2022 ÌÇÐÄÆƽâ°æ, /statistics/1290238/iceland-annual-average-consumer-price-index/ (last visited July 25, 2026)
Annual average consumer price Index (CPI) in Iceland from 2000 to 2022 [Graph], Statistics Iceland, December 22, 2022. [Online]. Available: /statistics/1290238/iceland-annual-average-consumer-price-index/
