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New Inflation Figures Are Positive News for Icelandic Households
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Statistics Iceland's new inflation figures are hopefully the first signs that inflation has been turned around, according to Hafsteinn Hauksson, chief economist at Kvika Bank. In November, the consumer price index (CPI) fell by 0.48% and annual inflation fell to 3.7%, compared to 4.3% last month. Inflation has not been lower since December 2020. This is very good news, according to Hafsteinn. "Inflation has been very resilient since February of …
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