Inflation Iceland 2013
Average inflation: 3.9%
Current Inflation
Inflation is high at 3.9%, well above the ECB target.
Peak and Trough
The highest inflation was in February at 4.8%. The lowest inflation was in April at 3.3%.
- Highest month
- February: 4.8%
- Lowest month
- April: 3.3%
- Difference
- 1.5 percentage points
- Months with data
- 12 of 12
Category Insights
The highest price increase was in Communication with an average of 8.4%. The lowest price increase was in Clothing and footwear with an average of 1.5%.
- Highest increase
- Communication: 8.4%
- Lowest increase
- Clothing and footwear: 1.5%
Historical Context
Current inflation is 2.2% lower than the 5-year average of 6.1%.
- 5-year average
- 6.1%
- 10-year average
- 6.2%
- All-time high (2008)
- 12.6%
- All-time low (1994)
- 1.6%
Trend
Inflation has remained relatively stable. Compared to 2012, the difference is minimal (-1.3 percentage point).
- Change vs. previous year
- -1.3 percentage points
- Largest monthly swing
- April: -3.1 percentage points
ECB Target
Inflation is 1.9% 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 €103.90 next year at this inflation rate.
Multi-year trend
Monthly figures 2013
Inflation by category
Inflation differs per product group. Click on a category for the historical trend.
Month overview
| Month | Inflation | Difference vs. 2012 |
|---|---|---|
| January | 4.2% | -2.3 |
| February | 4.8% | -1.5 |
| March | 4.0% | -2.4 |
| April | 3.3% | -3.1 |
| May | 3.3% | -2.1 |
| June | 3.4% | -2.0 |
| July | 3.8% | -0.8 |
| August | 4.3% | +0.2 |
| September | 3.9% | -0.4 |
| October | 3.6% | -0.6 |
| November | 3.7% | -0.8 |
| December | 4.1% | -0.1 |
| Average | 3.9% |
Data source
Data from OECD. Last updated: 13/01/2026.