Icelandic Krona Inflation Calculator
kr 1,000 in 1959 has the same buying power as kr 4,619,000 in 2026.
Convert Icelandic Krona between any two years
Calculate inflation
Results
kr 1,000 in 2001 is worth kr 3,236 in 2026
Need this offline or in another currency? Get the app — 4.5★ from 940 ratings, 150+ currencies.
Inflation analysis
Inflation in Iceland
Iceland inflation is 4.80% in 2026, following 4.09% in 2025. 68 years of data are available, from 1959.
Iceland is a very small, very open economy, which makes its price level unusually sensitive to the exchange rate. Inflation ran extremely high through the 1970s and 1980s — often between 30% and 80% a year — and two zeros were removed from the króna in 1981.
The defining modern event was the 2008 banking collapse, when all three major Icelandic banks failed within a week. The króna lost roughly half its value and inflation reached about 18% in 2009. Iceland recovered strongly, and inflation has been far more moderate since.
The Central Bank of Iceland targets 2.5% inflation.
Cumulative Iceland inflation over common spans
How much prices have risen in total over the last few years and decades, and what kr 1,000 at the start of each span is worth in 2026 money.
| Range | Years | Cumulative inflation | Average per year | kr 1,000 becomes |
|---|---|---|---|---|
| 2025 to 2026 | 1 | 4.80% | 4.80% | kr 1,048 |
| 2023 to 2026 | 3 | 15.48% | 4.91% | kr 1,155 |
| 2021 to 2026 | 5 | 36.00% | 6.34% | kr 1,360 |
| 2016 to 2026 | 10 | 57.25% | 4.63% | kr 1,572 |
| 2011 to 2026 | 15 | 81.21% | 4.04% | kr 1,812 |
| 2006 to 2026 | 20 | 163.37% | 4.96% | kr 2,634 |
| 2001 to 2026 | 25 | 223.60% | 4.81% | kr 3,236 |
| 1996 to 2026 | 30 | 286.81% | 4.61% | kr 3,868 |
| 1986 to 2026 | 40 | 878.55% | 5.87% | kr 9,786 |
| 1976 to 2026 | 50 | 37,045.11% | 12.56% | kr 371,451 |
Iceland CPI and inflation rate by year
The full annual series behind this calculator, from 1959 to 2026. The final column shows what kr 1,000 in that year is worth in 2026 money.
| Year | CPI index | Inflation | kr 1,000 then, in 2026 |
|---|---|---|---|
| 2026 | 159.92 | 4.80% | kr 1,000 |
| 2025 | 152.59 | 4.09% | kr 1,048 |
| 2024 | 146.59 | 5.86% | kr 1,091 |
| 2023 | 138.48 | 8.74% | kr 1,155 |
| 2022 | 127.36 | 8.31% | kr 1,256 |
| 2021 | 117.59 | 4.44% | kr 1,360 |
| 2020 | 112.58 | 2.85% | kr 1,420 |
| 2019 | 109.47 | 3.01% | kr 1,461 |
| 2018 | 106.26 | 2.68% | kr 1,505 |
| 2017 | 103.49 | 1.76% | kr 1,545 |
| 2016 | 101.70 | 1.70% | kr 1,572 |
| 2015 | 100.00 | 1.63% | kr 1,599 |
| 2014 | 98.39 | 2.04% | kr 1,625 |
| 2013 | 96.42 | 3.87% | kr 1,659 |
| 2012 | 92.83 | 5.19% | kr 1,723 |
| 2011 | 88.25 | 4.00% | kr 1,812 |
| 2010 | 84.86 | 5.40% | kr 1,885 |
| 2009 | 80.51 | 12.00% | kr 1,986 |
| 2008 | 71.88 | 12.69% | kr 2,225 |
| 2007 | 63.79 | 5.05% | kr 2,507 |
| 2006 | 60.72 | 6.69% | kr 2,634 |
| 2005 | 56.91 | 3.99% | kr 2,810 |
| 2004 | 54.73 | 3.16% | kr 2,922 |
| 2003 | 53.05 | 2.06% | kr 3,014 |
| 2002 | 51.99 | 5.20% | kr 3,076 |
| 2001 | 49.42 | 6.41% | kr 3,236 |
| 2000 | 46.44 | 5.14% | kr 3,443 |
| 1999 | 44.17 | 3.23% | kr 3,620 |
| 1998 | 42.79 | 1.66% | kr 3,737 |
| 1997 | 42.09 | 1.82% | kr 3,799 |
| 1996 | 41.34 | 2.26% | kr 3,868 |
| 1995 | 40.43 | 1.65% | kr 3,956 |
| 1994 | 39.77 | 1.55% | kr 4,021 |
| 1993 | 39.16 | 4.04% | kr 4,083 |
| 1992 | 37.64 | 3.95% | kr 4,248 |
| 1991 | 36.21 | 6.81% | kr 4,416 |
| 1990 | 33.90 | 15.51% | kr 4,717 |
| 1989 | 29.35 | 20.76% | kr 5,448 |
| 1988 | 24.31 | 25.73% | kr 6,579 |
| 1987 | 19.33 | 18.30% | kr 8,272 |
| 1986 | 16.34 | 22.13% | kr 9,786 |
| 1985 | 13.38 | 31.99% | kr 11,951 |
| 1984 | 10.14 | 30.85% | kr 15,775 |
| 1983 | 7.75 | 83.95% | kr 20,641 |
| 1982 | 4.21 | 50.24% | kr 37,970 |
| 1981 | 2.80 | 51.79% | kr 57,047 |
| 1980 | 1.85 | 58.53% | kr 86,594 |
| 1979 | 1.16 | 44.44% | kr 137,275 |
| 1978 | 0.81 | 43.75% | kr 198,287 |
| 1977 | 0.56 | 30.32% | kr 285,037 |
| 1976 | 0.43 | 31.95% | kr 371,451 |
| 1975 | 0.33 | 49.36% | kr 490,122 |
| 1974 | 0.22 | 42.52% | kr 732,052 |
| 1973 | 0.15 | 21.35% | kr 1,043,294 |
| 1972 | 0.13 | 9.81% | kr 1,266,085 |
| 1971 | 0.12 | 6.73% | kr 1,390,304 |
| 1970 | 0.11 | 13.37% | kr 1,483,898 |
| 1969 | 0.10 | 21.74% | kr 1,682,331 |
| 1968 | 0.08 | 15.10% | kr 2,048,143 |
| 1967 | 0.07 | 3.32% | kr 2,357,351 |
| 1966 | 0.07 | 10.69% | kr 2,435,620 |
| 1965 | 0.06 | 7.32% | kr 2,695,906 |
| 1964 | 0.06 | 19.25% | kr 2,893,167 |
| 1963 | 0.05 | 12.93% | kr 3,449,959 |
| 1962 | 0.04 | 11.02% | kr 3,895,970 |
| 1961 | 0.04 | 4.71% | kr 4,325,162 |
| 1960 | 0.04 | 1.99% | kr 4,528,947 |
| 1959 | 0.03 | — | kr 4,619,000 |
Popular Icelandic Krona comparisons
- kr 1,000 in 2025 → kr 1,048
- kr 1,000 in 2024 → kr 1,091
- kr 1,000 in 2023 → kr 1,155
- kr 1,000 in 2022 → kr 1,256
- kr 1,000 in 2021 → kr 1,360
- kr 1,000 in 2020 → kr 1,420
- kr 1,000 in 2010 → kr 1,885
- kr 1,000 in 2000 → kr 3,443
- kr 1,000 in 1990 → kr 4,717
- kr 1,000 in 1980 → kr 86,594
- kr 1,000 in 1970 → kr 1,483,898
- kr 1,000 in 1960 → kr 4,528,947
Browse every year
A detailed page for each start year, from 1959 to 2025.
1950s
Iceland inflation FAQ
- What is the current inflation rate in Iceland?
- Iceland inflation was 4.80% in 2026, the most recent year in this dataset, measured as the change in the annual average consumer price index from 2025. The Central Bank of Iceland targets 2.5% inflation.
- How much has Icelandic Krona lost in value since 1959?
- kr 1,000 in 1959 has the same purchasing power as kr 4,619,000 in 2026. That is cumulative inflation of 461,800.04% over 67 years, an average of 13.42% per year.
- What years does this Iceland inflation calculator cover?
- This calculator covers 68 years, from 1959 to 2026. You can convert an amount between any two years in that range.
- Can Icelandic Krona inflation be negative?
- Yes. Negative inflation, or deflation, means prices fell and Icelandic Krona gained purchasing power over that year. Iceland has not recorded a single year of falling prices in this dataset, which covers 68 years.
- What is the difference between CPI and the inflation rate?
- The consumer price index (CPI) is a level: it measures the cost of a fixed basket of goods and services in a given year. The inflation rate is the percentage change in that level between two periods. This calculator uses the ratio of CPI values for your two chosen years to convert an amount between them.
More inflation calculators
- 🇧🇦Bosnia and Herzegovina inflation calculator (BAM)
- 🇧🇾Belarus inflation calculator (BYN)
- 🇧🇿Belize inflation calculator (BZD)
- 🇧🇴Bolivia inflation calculator (BOB)
- 🇧🇧Barbados inflation calculator (BBD)
- 🇧🇳Brunei inflation calculator (BND)
- 🇧🇹Bhutan inflation calculator (BTN)
- 🇧🇼Botswana inflation calculator (BWP)
Get the Icelandic Krona inflation calculator on your phone
The mobile app covers 150+ currencies — far more than this site — with offline access, saved calculations and the full Icelandic Krona history.
