Australia
Compared with Iceland, using real observed prices.
Baseline: 
Iceland = 1×
Australia
vs
Iceland
Overall verdict
Australia is about 1.03× Iceland.
Average across 2 categories, 7 items with data
The shape of prices (vs Iceland = 1×)
How to read this
The centre line is Iceland. A bar running right means Australia is pricier; running left means cheaper. The thin bar behind shows the range from the cheapest to the priciest item in that category.
← Cheaper than Iceland
Iceland = 1×
Australia is pricier →
Iceland
Iceland = 1×
Australia is pricier →
Thin bar shows the range (cheapest to priciest item in the category)
In Australia, Electricity 1kWh (household) costs 1.4× what it does in Iceland — but Gasoline 1L costs only 0.7×. What is expensive here is energy, not the goods that carry a world price.
Real prices. Real sources. Real dates.
-
Electricity 1kWh (household) 1 kWh ×1.45Australia
ISK 32
USD 0.259Iceland
ISK 22
USD 0.179
-
Diesel 1L 1 L ×0.76Australia
ISK 180
USD 1.421Iceland
ISK 237
USD 1.878
-
Gasoline 1L 1 L ×0.72Australia
ISK 157
USD 1.239Iceland
ISK 218
USD 1.727
See what really changed
Big Mac, 2021 → 2026At the timeUsing the exchange rate of each date
+30%
in AUD
6.55 → 8.5
6.55 → 8.5
vs
At today's rateUsing today's exchange rate
+23%
in ISK
It rose 30% in local currency, but 23% in yours. Most of what you feel is the exchange rate, not Australia's inflation.
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