Iceland
Compared with Malaysia, using real observed prices.
Baseline: 
Malaysia = 1×
Iceland
vs
Malaysia
Overall verdict
Iceland is about 2.66× Malaysia.
Average across 2 categories, 3 items with data
The shape of prices (vs Malaysia = 1×)
How to read this
The centre line is Malaysia. 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 Malaysia
Malaysia = 1×
Iceland is pricier →
Malaysia
Malaysia = 1×
Iceland is pricier →
Thin bar shows the range (cheapest to priciest item in the category)
In Iceland, Electricity 1kWh (household) costs 3.6× what it does in Malaysia — but Diesel 1L costs only 1.9×. 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 ×3.58Iceland
MYR 0.72
USD 0.179Malaysia
MYR 0.20
USD 0.05
-
Gasoline 1L 1 L ×2.07Iceland
MYR 7.07
USD 1.727Malaysia
MYR 3.42
USD 0.836
-
Diesel 1L 1 L ×1.89Iceland
MYR 7.69
USD 1.878Malaysia
MYR 4.07
USD 0.995
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