Iceland’s consumer price inflation picked up sharply in June 2026, with the month‑over‑month Consumer Price Index (CPI) rising 0.9%, up from a modest 0.1% in May 2026. The latest data, updated on 26 June 2026, show a clear acceleration in price pressures compared with the previous month.
The figures highlight a notable shift in Iceland’s short‑term inflation dynamics. While May’s reading suggested relative price stability, June’s stronger increase points to renewed momentum in consumer prices. On a month‑over‑month basis, the current 0.9% gain is now markedly higher than the 0.1% change recorded in the prior comparison period, underlining a steeper near‑term inflation path heading into the second half of the year.
