Iceland
Compared with India, using real observed prices.
Baseline: 
India = 1×
Iceland
vs
India
Overall verdict
Iceland is about 1.98× India.
Average across 2 categories, 3 items with data
The shape of prices (vs India = 1×)
How to read this
The centre line is India. 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 India
India = 1×
Iceland is pricier →
India
India = 1×
Iceland is pricier →
Thin bar shows the range (cheapest to priciest item in the category)
In Iceland, Electricity 1kWh (household) costs 2.3× what it does in India — but Gasoline 1L costs only 1.5×. 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 ×2.32Iceland
₹16.72
USD 0.179India
₹7.19
USD 0.077
-
Diesel 1L 1 L ×1.84Iceland
₹178.88
USD 1.878India
₹96.96
USD 1.018
-
Gasoline 1L 1 L ×1.53Iceland
₹164.50
USD 1.727India
₹107.44
USD 1.128
United States
United Kingdom
Canada
Australia
Germany