Iceland
Compared with Italy, using real observed prices.
Baseline: 
Italy = 1×
Iceland
vs
Italy
Overall verdict
Iceland is about 0.58× Italy.
Average across 2 categories, 3 items with data
The shape of prices (vs Italy = 1×)
How to read this
The centre line is Italy. 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 Italy
Italy = 1×
Iceland is pricier →
Italy
Italy = 1×
Iceland is pricier →
Thin bar shows the range (cheapest to priciest item in the category)
In Iceland, Diesel 1L costs 0.8× what it does in Italy — but Electricity 1kWh (household) costs only 0.4×. What is expensive here is energy, not the goods that carry a world price.
Real prices. Real sources. Real dates.
-
Diesel 1L 1 L ×0.78Iceland
€1.65
USD 1.878Italy
€2.11
USD 2.407
-
Gasoline 1L 1 L ×0.78Iceland
€1.52
USD 1.727Italy
€1.95
USD 2.22
-
Electricity 1kWh (household) 1 kWh ×0.43Iceland
€0.15
USD 0.179Italy
€0.36
USD 0.414
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