🇮🇸Inflation Calculator Iceland
Find out what a sum of money from the past is worth today, or what today's money was worth then. Pick an amount and two months: the calculator applies the change in consumer prices between them.
Track everything you own after inflation →
Purchasing power over time
| Starting month | Amount | Worth in September 2026 | Price change |
|---|---|---|---|
| 10 years agoSeptember 2016 | ISK 10,000 | ISK 13,931 | +39.3% |
| 5 years agoSeptember 2021 | ISK 10,000 | ISK 13,053 | +30.5% |
| 1 year agoSeptember 2025 | ISK 10,000 | ISK 10,542 | +5.4% |
- Covers December 2015 to September 2026. Months outside this range cannot be selected.
- Prices here are measured in Icelandic Króna (ISK). Enter amounts in Icelandic Króna (ISK): the calculator never converts between currencies.
What the calculator measures, and what it does not
The calculator uses the Harmonised Index of Consumer Prices (HICP), which Eurostat compiles with the same method in every EU country so that they can be compared. It is not the national consumer price index (CPI) of a country, and the two can differ.
It is not the legal index for rent or contract indexation. Rent increases, wage clauses and similar adjustments follow the index named in the contract or in the law, which is usually a national one. The result here illustrates how prices changed; it is not a figure to enter in a contract.
Source: Eurostat, HICP all-items monthly index (prc_hicp_minr, 2025 = 100). The calculation is euroflation's.
Frequently asked questions
- In Iceland, how much is ISK 10,000 from September 2016 worth in September 2026?
- ISK 10,000 in September 2016 has the purchasing power of ISK 13,931 in September 2026. Prices changed by +39.3% between September 2016 and September 2026.
- How does the inflation calculator work?
- It multiplies the amount by the price index of the later month and divides it by the index of the earlier month: amount × index(to) ÷ index(from). The index is Eurostat's monthly all-items HICP. Only the ratio of the two months is used, so the choice of base year does not matter.
- Is the calculator based on the national consumer price index (CPI)?
- The calculator uses the Harmonised Index of Consumer Prices (HICP), which Eurostat compiles with the same method in every EU country so that they can be compared. It is not the national consumer price index (CPI) of a country, and the two can differ.
- Can I use the result to index a rent or a contract?
- It is not the legal index for rent or contract indexation. Rent increases, wage clauses and similar adjustments follow the index named in the contract or in the law, which is usually a national one. The result here illustrates how prices changed; it is not a figure to enter in a contract.
- Which currency does the calculator use?
- Prices here are measured in Icelandic Króna (ISK). Enter amounts in Icelandic Króna (ISK): the calculator never converts between currencies.
- Which months can I choose?
- Covers December 2015 to September 2026. Months outside this range cannot be selected.