Iceland
Compared with Austria, using real observed prices.
Baseline: 
Austria = 1×
Iceland
vs
Austria
Overall verdict
Iceland is about 0.65× Austria.
Average across 2 categories, 3 items with data
The shape of prices (vs Austria = 1×)
How to read this
The centre line is Austria. 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 Austria
Austria = 1×
Iceland is pricier →
Austria
Austria = 1×
Iceland is pricier →
Thin bar shows the range (cheapest to priciest item in the category)
In Iceland, Diesel 1L costs 0.9× what it does in Austria — but Electricity 1kWh (household) costs only 0.5×. What is expensive here is energy, not the goods that carry a world price.
Real prices. Real sources. Real dates.
-
Diesel 1L 1 L ×0.85Iceland
€1.65
USD 1.878Austria
€1.93
USD 2.201
-
Gasoline 1L 1 L ×0.83Iceland
€1.52
USD 1.727Austria
€1.84
USD 2.09
-
Electricity 1kWh (household) 1 kWh ×0.51Iceland
€0.15
USD 0.179Austria
€0.30
USD 0.353
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