IcelandIceland

Pakistan

Compared with Iceland, using real observed prices.

Baseline: IcelandIceland = 1×

PakistanPakistan vs IcelandIceland
Overall verdict

PakistanPakistan is about 0.49× IcelandIceland.

Average across 2 categories, 4 items with data

The shape of prices (vs IcelandIceland = 1×)

How to read this

The centre line is Iceland. A bar running right means Pakistan 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 IcelandIceland Iceland = 1× PakistanPakistan is pricier →
  • Transport 2 items
    ×0.67
  • Utilities 1 item
    ×0.35

Thin bar shows the range (cheapest to priciest item in the category)

In Pakistan, Diesel 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.

  • Diesel 1L 1 L ×0.68
    PakistanPakistan ISK 161 USD 1.275
    IcelandIceland ISK 237 USD 1.878
    Observed 2026-07-20 · GlobalPetrolPrices.com
  • Gasoline 1L 1 L ×0.66
    PakistanPakistan ISK 144 USD 1.138
    IcelandIceland ISK 218 USD 1.727
    Observed 2026-07-20 · GlobalPetrolPrices.com
  • Electricity 1kWh (household) 1 kWh ×0.35
    PakistanPakistan ISK 8 USD 0.063
    IcelandIceland ISK 22 USD 0.179
    Observed 2026-04-01 · GlobalPetrolPrices.com

See what really changed Pakistan

Big Mac, 2021 → 2026
At the timeUsing the exchange rate of each date
+86%
in PKR
580 → 1080
vs
At today's rateUsing today's exchange rate
+11%
in ISK

It rose 86% in local currency, but 11% in yours. Most of what you feel is the exchange rate, not Pakistan's inflation.