Thailand
Compared with Iceland, using real observed prices.
Baseline: 
Iceland = 1×
Thailand
vs
Iceland
Overall verdict
Thailand is about 0.68× Iceland.
Average across 2 categories, 6 items with data
The shape of prices (vs Iceland = 1×)
How to read this
The centre line is Iceland. A bar running right means Thailand 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×
Thailand is pricier →
Iceland
Iceland = 1×
Thailand is pricier →
Thin bar shows the range (cheapest to priciest item in the category)
In Thailand, Gasoline 1L costs 0.8× what it does in Iceland — but Diesel 1L costs only 0.6×. What is expensive here is energy, not the goods that carry a world price.
Real prices. Real sources. Real dates.
-
Gasoline 1L 1 L ×0.77Thailand
ISK 169
USD 1.334Iceland
ISK 218
USD 1.727
-
Electricity 1kWh (household) 1 kWh ×0.71Thailand
ISK 16
USD 0.127Iceland
ISK 22
USD 0.179
-
Diesel 1L 1 L ×0.55Thailand
ISK 131
USD 1.036Iceland
ISK 237
USD 1.878
See what really changed
Big Mac, 2021 → 2026At the timeUsing the exchange rate of each date
+5%
in THB
128 → 135
128 → 135
vs
At today's rateUsing today's exchange rate
+14%
in ISK
It rose 5% in local currency, but 14% in yours. Most of what you feel is the exchange rate, not Thailand's inflation.
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