Japan
Compared with Iceland, using real observed prices.
Baseline: 
Iceland = 1×
Japan
vs
Iceland
Overall verdict
Japan is about 0.84× Iceland.
Average across 2 categories, 9 items with data
The shape of prices (vs Iceland = 1×)
How to read this
The centre line is Iceland. A bar running right means Japan 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×
Japan is pricier →
Iceland
Iceland = 1×
Japan is pricier →
Thin bar shows the range (cheapest to priciest item in the category)
In Japan, Electricity 1kWh (household) costs 1.3× what it does in Iceland — but Diesel 1L costs only 0.5×. 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 ×1.27Japan
ISK 28
USD 0.227Iceland
ISK 22
USD 0.179
-
Gasoline 1L 1 L ×0.60Japan
ISK 132
USD 1.041Iceland
ISK 218
USD 1.727
-
Diesel 1L 1 L ×0.52Japan
ISK 123
USD 0.976Iceland
ISK 237
USD 1.878
See what really changed
Big Mac, 2021 → 2026At the timeUsing the exchange rate of each date
+23%
in JPY
390 → 480
390 → 480
vs
At today's rateUsing today's exchange rate
-12%
in ISK
It rose 23% in local currency, but -12% in yours. Most of what you feel is the exchange rate, not Japan's inflation.
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