Inflation Iceland 1992
Average inflation: 4.0%
Current Inflation
Inflation is high at 4.0%, well above the ECB target.
Peak and Trough
The highest inflation was in January at 7.2%. The lowest inflation was in November at 0.8%.
- Highest month
- January: 7.2%
- Lowest month
- November: 0.8%
- Difference
- 6.4 percentage points
- Months with data
- 12 of 12
Category Insights
The highest price increase was in Food and non-alcoholic beverages with an average of 1.4%. The lowest price increase was in Food and non-alcoholic beverages with an average of 1.4%.
- Highest increase
- Food and non-alcoholic beverages: 1.4%
- Lowest increase
- Food and non-alcoholic beverages: 1.4%
Historical Context
Current inflation is 7.9% lower than the 5-year average of 11.9%. This approaches the lowest level since records began (4.0% in 1992).
- 5-year average
- 11.9%
- 10-year average
- 11.9%
- All-time high (1989)
- 20.7%
- All-time low (1992)
- 4%
Trend
Inflation shows a downward trend. Compared to 1991, inflation has fallen by +2.8 percentage point.
- Change vs. previous year
- -2.8 percentage points
- Largest monthly swing
- November: -7.2 percentage points
ECB Target
Inflation is 2.0% above the ECB target of 2.0%. This means purchasing power is declining faster than intended.
Purchasing Power
At this inflation rate, purchasing power noticeably decreases. Without a salary increase, you can buy less with the same money.
What you could buy for €100 this year will cost approximately €104.00 next year at this inflation rate.
Multi-year trend
Monthly figures 1992
Inflation by category
Inflation differs per product group. Click on a category for the historical trend.
Month overview
| Month | Inflation | Difference vs. 1991 |
|---|---|---|
| January | 7.2% | -0.1 |
| February | 6.9% | +0.9 |
| March | 6.9% | +1.6 |
| April | 6.4% | +0.9 |
| May | 5.0% | -0.8 |
| June | 4.0% | -2.5 |
| July | 3.5% | -3.1 |
| August | 2.7% | -4.4 |
| September | 2.0% | -5.7 |
| October | 1.3% | -6.9 |
| November | 0.8% | -7.2 |
| December | 1.5% | -6.0 |
| Average | 4.0% |
Data source
Data from OECD. Last updated: 17/12/2025.