Iceland
Compared with Sweden, using real observed prices.
Baseline: 
Sweden = 1×
Iceland
vs
Sweden
Overall verdict
Iceland is about 0.85× Sweden.
Average across 2 categories, 3 items with data
The shape of prices (vs Sweden = 1×)
How to read this
The centre line is Sweden. 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 Sweden
Sweden = 1×
Iceland is pricier →
Sweden
Sweden = 1×
Iceland is pricier →
Thin bar shows the range (cheapest to priciest item in the category)
In Iceland, Gasoline 1L costs 1.0× what it does in Sweden — but Electricity 1kWh (household) costs only 0.7×. What is expensive here is energy, not the goods that carry a world price.
Real prices. Real sources. Real dates.
-
Gasoline 1L 1 L ×1.04Iceland
SEK 16.83
USD 1.727Sweden
SEK 16.26
USD 1.668
-
Diesel 1L 1 L ×0.94Iceland
SEK 18.31
USD 1.878Sweden
SEK 19.57
USD 2.008
-
Electricity 1kWh (household) 1 kWh ×0.74Iceland
SEK 1.68
USD 0.179Sweden
SEK 2.28
USD 0.243
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