Inflation Iceland 2011
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 September at 5.7%. The lowest inflation was in January at 1.8%.
- Highest month
- September: 5.7%
- Lowest month
- January: 1.8%
- Difference
- 3.9 percentage points
- Months with data
- 12 of 12
Category Insights
The highest price increase was in Transport with an average of 9.4%. The lowest price increase was in Recreation and culture with an average of -1.6%.
- Highest increase
- Transport: 9.4%
- Lowest increase
- Recreation and culture: -1.6%
Historical Context
Current inflation is 3.9% lower than the 5-year average of 7.9%. This approaches the lowest level since records began (4.0% in 2011).
- 5-year average
- 7.9%
- 10-year average
- 7.7%
- All-time high (2008)
- 12.6%
- All-time low (2011)
- 4%
Trend
Inflation shows a downward trend. Compared to 2010, inflation has fallen by +1.4 percentage point.
- Change vs. previous year
- -1.4 percentage points
- Largest monthly swing
- March: -6.2 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 2011
Inflation by category
Inflation differs per product group. Click on a category for the historical trend.
Month overview
| Month | Inflation | Difference vs. 2010 |
|---|---|---|
| January | 1.8% | -4.8 |
| February | 1.9% | -5.3 |
| March | 2.3% | -6.2 |
| April | 2.8% | -5.5 |
| May | 3.4% | -4.1 |
| June | 4.2% | -1.5 |
| July | 5.0% | +0.2 |
| August | 5.0% | +0.5 |
| September | 5.7% | +2.0 |
| October | 5.3% | +2.0 |
| November | 5.2% | +2.6 |
| December | 5.2% | +2.7 |
| Average | 4.0% |
Data source
Data from OECD. Last updated: 13/01/2026.