Inflation Measures 7.5 Percent in Iceland Skip to content

Inflation Measures 7.5 Percent in Iceland

The 12 month inflation in Iceland currently measures 7.5 percent as of December 2009, down from 8.6 percent in November. The inflation peaked at 18.6 percent in January this year and has since dropped rather swiftly apart from a slight increase in June.

Copyright: Icelandic Photo Agency.

The inflation hasn’t been lower in almost two years, Vidskiptabladid reports.

The consumer price index is 357.9 points, up 0.48 percent from last month, according to Statistics Iceland. In the past 12 months the consumer price index has increased by 7.5 percent.

The price of air fares to foreign destinations have increased by 25.5 percent (0.20 percent influence on the consumer price index) and the price of new cars by 4 percent (0.14 percent influence).

In the past three months the consumer price index has increased by 2.4 percent which equals 9.8 percent annual inflation.

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