Iceland inflation holds at 5.9% in October

Annual inflation in Iceland remained at 5.9% in October, mbl.is reported, citing Statistics Iceland. Analysts at Landsbankinn and Íslandsbanki had also forecast no change from the previous month.

The consumer price index rose 0.44% from September to 700.4 points. The index excluding housing increased 0.49% to 558.7 points. Over the past 12 months, both measures rose by 5.9%.

Diesel prices increased by 11.2%, adding 0.11 percentage points to the index, while petrol prices rose by 8.0%, adding 0.16 percentage points.

The October index will be used for indexation in December 2026.