Colombia
Compared with Iceland, using real observed prices.
Baseline: 
Iceland = 1×
Colombia
vs
Iceland
Overall verdict
Colombia is about 0.83× Iceland.
Average across 2 categories, 6 items with data
The shape of prices (vs Iceland = 1×)
How to read this
The centre line is Iceland. A bar running right means Colombia 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×
Colombia is pricier →
Iceland
Iceland = 1×
Colombia is pricier →
Thin bar shows the range (cheapest to priciest item in the category)
In Colombia, Electricity 1kWh (household) costs 1.2× what it does in Iceland — but Diesel 1L costs only 0.5×. 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 ×1.16Colombia
ISK 26
USD 0.207Iceland
ISK 22
USD 0.179
-
Gasoline 1L 1 L ×0.74Colombia
ISK 162
USD 1.285Iceland
ISK 218
USD 1.727
-
Diesel 1L 1 L ×0.49Colombia
ISK 116
USD 0.915Iceland
ISK 237
USD 1.878
See what really changed
Big Mac, 2021 → 2026At the timeUsing the exchange rate of each date
+77%
in COP
12950 → 22900
12950 → 22900
vs
At today's rateUsing today's exchange rate
+90%
in ISK
It rose 77% in local currency, but 90% in yours. Most of what you feel is the exchange rate, not Colombia's inflation.
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