Iceland
Compared with Hong Kong, using real observed prices.
Baseline: 
Hong Kong = 1×
Iceland
vs
Hong Kong
Overall verdict
Iceland is about 0.64× Hong Kong.
Average across 2 categories, 3 items with data
The shape of prices (vs Hong Kong = 1×)
How to read this
The centre line is Hong Kong. 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 Hong Kong
Hong Kong = 1×
Iceland is pricier →
Hong Kong
Hong Kong = 1×
Iceland is pricier →
Thin bar shows the range (cheapest to priciest item in the category)
In Iceland, Electricity 1kWh (household) costs 1.0× what it does in Hong Kong — but Diesel 1L costs only 0.4×. 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 ×0.97Iceland
HK$1.40
USD 0.179Hong Kong
HK$1.44
USD 0.184
-
Gasoline 1L 1 L ×0.42Iceland
HK$13.55
USD 1.727Hong Kong
HK$32.05
USD 4.086
-
Diesel 1L 1 L ×0.42Iceland
HK$14.73
USD 1.878Hong Kong
HK$35.12
USD 4.478
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