Consumer Price Index (CPI) in Iceland 2020-2022
In Iceland, the Consumer Price Index (CPI) increased steadily since January 2020, showing increased inflation in the country. Using figures from 1988 as a baseline, the index was at 469.8 in January 2020, before it increased over the next three years. Especially 2022 saw a significant increase in the CPI as a result of the COVID-19 pandemic and the Russian war in Ukraine. In December that year, the CPI reached 564.6.
