Cost of food in Iceland increased 4.10 percent in December of 2024 over the same month in the previous year. Food Inflation in Iceland averaged 4.13 percent from 1993 until 2024, reaching an all time high of 31.18 percent in December of 2008 and a record low of -6.45 percent in November of 1994. source: Statistics Iceland
Food Inflation in Iceland is expected to be 3.90 percent by the end of this quarter, according to Trading Economics global macro models and analysts expectations.