Inflation on the decline Skip to content

Inflation on the decline

The Icelandic consumer price index has gone up by 0.61 percent since last month, and 7.5 percent in the last 12 months. In the last three months, the consumer price index has gone up by 1.4 percent, which is equivalent to 5.8 percent inflation over the course of the year. The figures do not incorporate housing prices. This is reported by Morgunbladid and VÍSIR online.

Inflation measured 8.6 percent last month, which is a substantial drop between months. On Thursday morning the Central Bank of Iceland will announce whether or not it intends to raise its policy interest rates.

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