IcelandIceland

Ukraine

Compared with Iceland, using real observed prices.

Baseline: IcelandIceland = 1×

UkraineUkraine vs IcelandIceland
Overall verdict

UkraineUkraine is about 0.69× IcelandIceland.

Average across 2 categories, 6 items with data

The shape of prices (vs IcelandIceland = 1×)

How to read this

The centre line is Iceland. A bar running right means Ukraine 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× UkraineUkraine is pricier →
  • Transport 2 items
    ×1.00
  • Utilities 1 item
    ×0.47

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

In Ukraine, Gasoline 1L costs 1.0× what it does in Iceland — but Electricity 1kWh (household) costs only 0.5×. What is expensive here is energy, not the goods that carry a world price.

Real prices. Real sources. Real dates.

  • Gasoline 1L 1 L ×1.03
    UkraineUkraine ISK 225 USD 1.779
    IcelandIceland ISK 218 USD 1.727
    Observed 2026-07-20 · GlobalPetrolPrices.com
  • Diesel 1L 1 L ×0.97
    UkraineUkraine ISK 231 USD 1.826
    IcelandIceland ISK 237 USD 1.878
    Observed 2026-07-20 · GlobalPetrolPrices.com
  • Electricity 1kWh (household) 1 kWh ×0.47
    UkraineUkraine ISK 10 USD 0.084
    IcelandIceland ISK 22 USD 0.179
    Observed 2026-04-01 · GlobalPetrolPrices.com

See what really changed Ukraine

Big Mac, 2021 → 2026
At the timeUsing the exchange rate of each date
+114%
in UAH
65 → 139
vs
At today's rateUsing today's exchange rate
+38%
in ISK

It rose 114% in local currency, but 38% in yours. Most of what you feel is the exchange rate, not Ukraine's inflation.