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Lowest Inflation in Five Years
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Inflation has reached 3.7 percent and has not been lower since December 2020. It fell from 4.3 percent last month and has fluctuated around four percent for most of the year. The decline in international airfares had the greatest impact on deflating inflation. They fell by 14.3 percent between months. Furniture and household goods fell by 2.2 percent and clothing and shoes by 2.7 percent. Statistics Iceland notes that the impact of discount days…
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