Iceland
Compared with Nicaragua, using real observed prices.
Baseline: 
Nicaragua = 1×
Iceland
vs
Nicaragua
Overall verdict
Iceland is about 1.21× Nicaragua.
Average across 2 categories, 3 items with data
The shape of prices (vs Nicaragua = 1×)
How to read this
The centre line is Nicaragua. 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 Nicaragua
Nicaragua = 1×
Iceland is pricier →
Nicaragua
Nicaragua = 1×
Iceland is pricier →
Thin bar shows the range (cheapest to priciest item in the category)
In Iceland, Diesel 1L costs 1.6× what it does in Nicaragua — but Electricity 1kWh (household) costs only 1.0×. What is expensive here is energy, not the goods that carry a world price.
Real prices. Real sources. Real dates.
-
Diesel 1L 1 L ×1.59Iceland
NIO 68.78
USD 1.878Nicaragua
NIO 43.18
USD 1.179
-
Gasoline 1L 1 L ×1.29Iceland
NIO 63.25
USD 1.727Nicaragua
NIO 48.97
USD 1.337
-
Electricity 1kWh (household) 1 kWh ×1.02Iceland
NIO 6.56
USD 0.179Nicaragua
NIO 6.45
USD 0.176
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