Inflation continues to decline

Inflation over the past 12 months is now 3.8 percent, which is a decrease from last month. Inflation excluding housing over a 12-month period is now 2.5 percent. The inflation rate has therefore fallen steadily since July last year. Statistics Iceland measures inflation, but the measurement is made by monitoring the development of prices of goods and services, which...

Inflation is now 3.8 percent, the lowest since December 2020, when it was 3.6 percent. The consumer price index is up 0.37 percent month-on-month, according to a statement from Statistics Iceland.

Inflation is 3.8%, according to Statistics Iceland, and has not been lower since December 2020, when it was 3.6%. It was 4.2% last month and 6.8% a year ago, peaking at 10.2% in February two years ago. Food and beverage prices rose by 0.7% and imputed rent rose by 0.5%. Looking at the sub-items of the consumer price index, Statistics Iceland's figures show that housing, heating and electricity have risen the most last year, or by 7.6%, alcohol a…

Private projections estimate inflation of 2.5% in March, which would imply a slight acceleration compared to February and January.The entry What inflation is expected for the coming months according to privates was first published in #BorderJournalism.