Iceland’s Inflation Accelerates Again, Fueled by Airfares

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The consumer price index rose by 0.84 percent in June, according to the latest figures from Statistics Iceland. The index excluding housing rose by 0.90 percent. This means that twelve-month inflation – which is what is often meant when talking about inflation – now measures 4.2 percent. That is an increase from last month, when inflation measured 3.8 percent. Inflation has fluctuated around...

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Inflation has broken with three consecutive months of declines when climbing two tenths in June compared to the May figure. Exactly, and according to a figure of progress that the National Institute of Statistics (INE) will have to confirm in two weeks, the CPI has been placed at 2.2% year-on-year (with respect to the same month last year), percentage that in any case is within the margin of the European Central Bank (ECB) to consider that price…

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An economist at Íslandsbanki believes that the Monetary Policy Committee will cut interest rates in its next policy rate decision in two months. Inflation is increasing slightly, from 3.8 percent to 4.2 percent. Statistics Iceland published new figures this morning showing that inflation is increasing by 0.4 percentage points between months. Airfares are the main factor, rising by 12.7 percent. Bergþóra Baldursdóttir, an economist at Íslandsbank…

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After several months of slowdown, inflation in France started to rise slightly in June. A weak but significant signal that could reverse the cards of the monetary policy of the European Central Bank (ECB), even though the latter had begun a cycle of decline of its key rates. The article Inflation booms in June: Will the ECB slow down its accommodative policy? appeared first on Cryptoast.