Inflation in Iceland
Consumer prices in Iceland have risen 592.3% since May 1988, the start of the official series. That means kr100 then buys what kr692.31 buys in July 2026, so the same basket of goods now costs 6.9 times what it did. Over the most recent year on record, July 2025 to July 2026, prices rose 5.3%.
Cumulative & Yearly Inflation
What kr100 would be worth today
Each row takes kr100 at that date and shows the equivalent sum in July 2026, the most recent month on record for Iceland.
| Date | Amount then | Worth today | Change |
|---|---|---|---|
| May 1988 | kr100.00 | kr692.31 | 592.3% |
| January 1990 | kr100.00 | kr498.46 | 398.5% |
| January 2010 | kr100.00 | kr194.24 | 94.2% |
| January 2020 | kr100.00 | kr147.54 | 47.5% |
How inflation in Iceland is measured
The figures above come from Statistics Iceland / Hagstofa (PX-Web table VIS01000). The series is indexed so that a chosen base year equals 100, and the calculator works out the ratio between any two dates you pick.
Coverage runs from May 1988 to July 2026, and updates automatically as each new release is published. Figures for the most recent periods can be revised by the statistics office after first publication.