The annual inflation in Iceland measured 7.5 percent last month, down from 8.3 percent in April, as stated on the website of Statistics Iceland.
The consumer price index (CPI) increased by 0.41 percent between the months of April and May 2010, according to pricing in May, ruv.is reports.
The CPI in May is 7.5 percent higher than in May 2009 while the CPI less housing cost is 10.1 percent higher than one year ago.
Over the last three months, the CPI has increased by 1.2 percent, equivalent to an annual inflation rate of 5.0 percent (6.6 percent for the CPI less housing cost).
