Inflation Iceland 2001
Average inflation: 6.4%
Current Inflation
Inflation is very high at 6.4%, far above the ECB target.
Peak and Trough
The highest inflation was in December at 8.6%. The lowest inflation was in January at 3.6%.
- Highest month
- December: 8.6%
- Lowest month
- January: 3.6%
- Difference
- 5.0 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 6.9%. The lowest price increase was in Food and non-alcoholic beverages with an average of 6.9%.
- Highest increase
- Food and non-alcoholic beverages: 6.9%
- Lowest increase
- Food and non-alcoholic beverages: 6.9%
Historical Context
Current inflation is 2.8% higher than the 5-year average of 3.6%.
- 5-year average
- 3.6%
- 10-year average
- 3.2%
- All-time high (1989)
- 20.7%
- All-time low (1994)
- 1.6%
Trend
Inflation shows an upward trend. Compared to 2000, inflation has risen by +1.3 percentage point.
- Change vs. previous year
- +1.3 percentage points
- Largest monthly swing
- September: +4.6 percentage points
ECB Target
Inflation is 4.4% above the ECB target of 2.0%. This means purchasing power is declining faster than intended.
Purchasing Power
At this high inflation rate, purchasing power rapidly decreases. This has a major impact on households, especially without adequate salary increases.
What you could buy for €100 this year will cost approximately €106.40 next year at this inflation rate.
Multi-year trend
Monthly figures 2001
Inflation by category
Inflation differs per product group. Click on a category for the historical trend.
Month overview
| Month | Inflation | Difference vs. 2000 |
|---|---|---|
| January | 3.6% | -2.2 |
| February | 4.0% | -1.6 |
| March | 3.8% | -2.1 |
| April | 4.4% | -1.5 |
| May | 5.6% | -0.3 |
| June | 6.8% | +1.4 |
| July | 7.1% | +1.4 |
| August | 8.0% | +3.3 |
| September | 8.5% | +4.6 |
| October | 8.0% | +3.8 |
| November | 8.1% | +3.6 |
| December | 8.6% | +4.4 |
| Average | 6.4% |
Data source
Data from OECD. Last updated: 17/12/2025.