Predict that Inflation Will Immediately Fall Below Five Percent

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Íslandsbanki Research predicts that inflation will decline from 5.2 percent to 4.9 percent month-on-month and will continue to decline in the coming months. "The final push to the inflation target will prove quite difficult," the forecast says, however.

RÚV

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Íslandsbanki Research predicts 4.9 percent inflation in February. That is somewhat lower than the inflation in January, which was 5.2 percent. It was the highest inflation in sixteen months. The Research Department publishes a forecast for several months on its website. It expects inflation to jump to 5.2 percent next month and to be 4.5 percent in April and May. Looking further ahead, the Research Department expects inflation to average 4.3 per…