Iceland inflation rate (CPI)
Headline consumer price inflation — the twelve-month change in the vísitala neysluverðs (consumer price index) published by Hagstofa Íslands (Statistics Iceland), the official statistics producer. The CPI is compiled from prices collected in the first half of each month and released near the END of that same month, so Iceland publishes its inflation number faster than most of Europe. The index base is May 1988 = 100. The Central Bank's inflation target is 2.5% measured on this index.
| Current value | 5.2 percent (YoY) |
|---|---|
| In force from | 2026-06-01 |
| Official source | Hagstofa Íslands / Statistics Iceland — 'Consumer price index in June 2026' (published 26 June 2026): 'The Consumer Price Index (CPI) based on prices in June 2026, is 690.7 points (May 1988=100)', 0.94% higher than the previous month; 'The CPI is 5.2% higher in June 2026 than in June 2025'. CPI less housing cost 552.2 points, +1.08% on the month and +4.8% year-on-year. |
| Last verified | 2026-07-24 |
| Verification | primary — No verification limitation recorded — read from the official source cited. |
| Provenance | source fingerprint |
What this value means
WHICH SERIES IS SERVED: the HEADLINE all-items CPI (vísitala neysluverðs), twelve-month change = 5.2% for June 2026. Iceland also publishes vísitala neysluverðs án húsnæðis (CPI LESS HOUSING COST), which for June 2026 was 552.2 points and +4.8% YoY — 0.4pp lower than headline. The gap is not cosmetic: Iceland's headline CPI includes owner-occupied housing cost via an imputed-rent (user-cost) component that has been a major inflation driver, and the Central Bank recalculated the methodology of that component in recent years. Icelandic mortgage indexation, wage negotiations and verðtryggð (index-linked) contracts key off the HEADLINE index, so headline is the correct default to serve; anyone comparing Iceland to a euro-area HICP figure should use Hagstofa's separate harmonised index (HICP / samræmd vísitala neysluverðs) instead of either of these. June 2026 detail: monthly rise +0.94%, driven by imputed rent +0.6%, international airfares +20.1% and accommodation services +17.5% (a summer seasonal spike). Direction: inflation is drifting UP, not down — 5.1% in May 2026 (index 684.3, published 28 May 2026), 5.2% in June — which is the proximate reason the Central Bank hiked to 7.75% on 20 May 2026 and remains in tightening mode. INDEXATION USE: the June 2026 index value of 690.7 is the base for price-indexed contracts in August 2026 (Iceland's verðtrygging applies the index with a two-month lag). Next release: the July 2026 CPI, expected in the last days of July 2026 (Hagstofa publishes near month-end) — this series should be re-checked then; consult Hagstofa's advance release calendar for the exact date. Machine-readable full series: Hagstofa's PxWeb statbank (px.hagstofa.is).
Earlier values
| From | Value | Source |
|---|---|---|
| 2026-05-01 | 5.1 | Hagstofa Íslands / Statistics Iceland — 'Consumer price inde |
Get it programmatically
curl https://euroref.dev/v1/is/cpi
# $0.001 per call — x402 on Base (USDC). No key, no signup.
# History: curl https://euroref.dev/v1/is/cpi/history?from=2020-01-01
# Provenance: curl https://euroref.dev/provenance/is/cpiOther Iceland series: policy interest rate · VAT rate · minimum wage · public holidays · corporate tax rate · income tax rates · official exchange rates