Iceland
Compared with New Zealand, using real observed prices.
Baseline: 
New Zealand = 1×
Iceland
vs
New Zealand
Overall verdict
Iceland is about 0.98× New Zealand.
Average across 2 categories, 3 items with data
The shape of prices (vs New Zealand = 1×)
How to read this
The centre line is New Zealand. 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 New Zealand
New Zealand = 1×
Iceland is pricier →
New Zealand
New Zealand = 1×
Iceland is pricier →
Thin bar shows the range (cheapest to priciest item in the category)
In Iceland, Diesel 1L costs 1.3× what it does in New Zealand — but Electricity 1kWh (household) costs only 0.8×. What is expensive here is energy, not the goods that carry a world price.
Real prices. Real sources. Real dates.
-
Diesel 1L 1 L ×1.33Iceland
NZD 3.31
USD 1.878New Zealand
NZD 2.49
USD 1.415
-
Gasoline 1L 1 L ×0.96Iceland
NZD 3.04
USD 1.727New Zealand
NZD 3.17
USD 1.797
-
Electricity 1kWh (household) 1 kWh ×0.84Iceland
NZD 0.31
USD 0.179New Zealand
NZD 0.37
USD 0.212
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