Iceland
Compared with Norway, using real observed prices.
Baseline: 
Norway = 1×
Iceland
vs
Norway
Overall verdict
Iceland is about 0.93× Norway.
Average across 2 categories, 3 items with data
The shape of prices (vs Norway = 1×)
How to read this
The centre line is Norway. 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 Norway
Norway = 1×
Iceland is pricier →
Norway
Norway = 1×
Iceland is pricier →
Thin bar shows the range (cheapest to priciest item in the category)
In Iceland, Electricity 1kWh (household) costs 1.1× what it does in Norway — but Gasoline 1L costs only 0.7×. 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 ×1.08Iceland
NOK 1.73
USD 0.179Norway
NOK 1.59
USD 0.165
-
Diesel 1L 1 L ×0.84Iceland
NOK 18.66
USD 1.878Norway
NOK 22.13
USD 2.227
-
Gasoline 1L 1 L ×0.75Iceland
NOK 17.16
USD 1.727Norway
NOK 22.94
USD 2.308
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