Consumer Price Index (CPI) in Iceland 2021-2023, by selected commodity groups
In Iceland, the Consumer Price Index (CPI) of housing, water, electricity, gas, and other fuels reached 236.3 in January 2023. Electricity and gas prices around the world have been rising following Russia's invasion of Ukraine in February 2022. The CPI of alcoholic beverages and tobacco remained high through the period of consideration, with and index score of 241.2 in January 2023. In December 2022, the inflation rate of Iceland reached 9.6 percent.
