Iceland
Compared with Mexico, using real observed prices.
Baseline: 
Mexico = 1×
Iceland
vs
Mexico
Overall verdict
Iceland is about 1.37× Mexico.
Average across 2 categories, 3 items with data
The shape of prices (vs Mexico = 1×)
How to read this
The centre line is Mexico. 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 Mexico
Mexico = 1×
Iceland is pricier →
Mexico
Mexico = 1×
Iceland is pricier →
Thin bar shows the range (cheapest to priciest item in the category)
In Iceland, Electricity 1kWh (household) costs 1.6× what it does in Mexico — but Gasoline 1L costs only 1.1×. 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 ×1.64Iceland
MX$3.20
USD 0.179Mexico
MX$1.95
USD 0.109
-
Diesel 1L 1 L ×1.21Iceland
MX$32.93
USD 1.878Mexico
MX$27.11
USD 1.546
-
Gasoline 1L 1 L ×1.06Iceland
MX$30.28
USD 1.727Mexico
MX$28.48
USD 1.624
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