India
Compared with Iceland, using real observed prices.
Baseline: 
Iceland = 1×
India
vs
Iceland
Overall verdict
India is about 0.51× Iceland.
Average across 2 categories, 7 items with data
The shape of prices (vs Iceland = 1×)
How to read this
The centre line is Iceland. A bar running right means India 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 Iceland
Iceland = 1×
India is pricier →
Iceland
Iceland = 1×
India is pricier →
Thin bar shows the range (cheapest to priciest item in the category)
In India, Gasoline 1L costs 0.7× what it does in Iceland — but Electricity 1kWh (household) costs only 0.4×. What is expensive here is energy, not the goods that carry a world price.
Real prices. Real sources. Real dates.
-
Gasoline 1L 1 L ×0.65India
ISK 143
USD 1.128Iceland
ISK 218
USD 1.727
-
Diesel 1L 1 L ×0.54India
ISK 129
USD 1.018Iceland
ISK 237
USD 1.878
-
Electricity 1kWh (household) 1 kWh ×0.43India
ISK 10
USD 0.077Iceland
ISK 22
USD 0.179
See what really changed
Big Mac, 2021 → 2026At the timeUsing the exchange rate of each date
+19%
in INR
190 → 227
190 → 227
vs
At today's rateUsing today's exchange rate
+2%
in ISK
It rose 19% in local currency, but 2% in yours. Most of what you feel is the exchange rate, not India's inflation.
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