Iceland
Compared with United States, using real observed prices.
Baseline: 
United States = 1×
Iceland
vs
United States
Overall verdict
Iceland is about 1.17× United States.
Average across 2 categories, 3 items with data
The shape of prices (vs United States = 1×)
How to read this
The centre line is United States. 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 United States
United States = 1×
Iceland is pricier →
United States
United States = 1×
Iceland is pricier →
Thin bar shows the range (cheapest to priciest item in the category)
In Iceland, Gasoline 1L costs 1.5× what it does in United States — 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.
-
Gasoline 1L 1 L ×1.51Iceland
$1.73
USD 1.727United States
$1.15
USD 1.146
-
Diesel 1L 1 L ×1.38Iceland
$1.88
USD 1.878United States
$1.36
USD 1.356
-
Electricity 1kWh (household) 1 kWh ×0.95Iceland
$0.18
USD 0.179United States
$0.19
USD 0.188
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