Iceland
Compared with Uruguay, using real observed prices.
Baseline: 
Uruguay = 1×
Iceland
vs
Uruguay
Overall verdict
Iceland is about 0.84× Uruguay.
Average across 2 categories, 3 items with data
The shape of prices (vs Uruguay = 1×)
How to read this
The centre line is Uruguay. 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 Uruguay
Uruguay = 1×
Iceland is pricier →
Uruguay
Uruguay = 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 Uruguay — 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.
-
Diesel 1L 1 L ×1.28Iceland
UYU 72.69
USD 1.878Uruguay
UYU 56.63
USD 1.463
-
Gasoline 1L 1 L ×0.78Iceland
UYU 66.84
USD 1.727Uruguay
UYU 85.58
USD 2.211
-
Electricity 1kWh (household) 1 kWh ×0.70Iceland
UYU 6.93
USD 0.179Uruguay
UYU 9.87
USD 0.255
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