Iceland
Compared with Australia, using real observed prices.
Baseline: 
Australia = 1×
Iceland
vs
Australia
Overall verdict
Iceland is about 0.97× Australia.
Average across 2 categories, 3 items with data
The shape of prices (vs Australia = 1×)
How to read this
The centre line is Australia. A bar running right means Iceland 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 Australia
Australia = 1×
Iceland is pricier →
Australia
Australia = 1×
Iceland is pricier →
Thin bar shows the range (cheapest to priciest item in the category)
In Iceland, Gasoline 1L costs 1.4× what it does in Australia — but Electricity 1kWh (household) costs only 0.7×. What is expensive here is energy, not the goods that carry a world price.
Real prices. Real sources. Real dates.
-
Gasoline 1L 1 L ×1.39Iceland
A$2.51
USD 1.727Australia
A$1.80
USD 1.239
-
Diesel 1L 1 L ×1.32Iceland
A$2.73
USD 1.878Australia
A$2.06
USD 1.421
-
Electricity 1kWh (household) 1 kWh ×0.69Iceland
A$0.26
USD 0.179Australia
A$0.37
USD 0.259
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