Unrest began in July 2021 at Askja volcano in the Northern Volcanic Zone (NVZ) of Iceland. Its most recent eruption, in 1961, was predominantly effusive and produced ∼0.1 km3 lava field. The last plinian eruption at Askja occurred in 1875. Geodetic measurements between 1983 and 2021 detail subsidence of Askja, decaying in an exponential manner. At the end of July 2021, inflation was detected at Askja volcano, from GNSS observations and Sentinel‐1 interferograms. The inflationary episode can be divided into two periods from the onset of inflation until September 2023. An initial period until 20 September 2021 when geodetic models suggest transfer of magma (or magmatic fluids) from within the shallowest part of the magmatic system (comprising an inflating and deflating source), potentially involving silicic magma. A following period when one source of pressure increase at shallow depth can explain the observations. Plain Language Summary Askja volcano, situated in the Northern Volcanic Zone in Iceland, has been quiet since its last eruption in 1961, with surface deformation measurements from 1983 to 2021 displaying a decaying subsidence signal within the Askja caldera. However, at the end of July 2021, the volcano began to inflate. This was detected on both GNSS and satellite observations. As of September 2023, ∼65 cm of uplift had been measured at GNSS station OLAC. Modeling of surface deformation measurements indicates that the inflation was triggered by upward migration of melt (or magmatic fluids). Key Points At the end of July 2021, Askja volcano began to inflate—detected on both GNSS and satellite observations, ending 1983–2021 subsidence Geodetic modeling indicates upward migration of magma, feeding a magma body at an inferred depth of 2.5–3.1 km under the main Askja caldera Start of unrest was associated with magma transfer within the upper part of the system, followed by possible additional influx from depth