The daily bulletin of Kaupthing Bank predicts annual inflation will measure 3.6 per cent in July. Kaupthing attribute a rise in inflation to higher grocery prices as they believe the recent price war between Iceland’s main grocery retailers is coming to an end. The continuing rise in the price of real estate is another contributing factor to higher inflation according to Kaupthing. Price hikes for oil and gasoline will have less impact since gasoline is heavily taxed and oil is neither used for heating houses nor generating electricity.
Kaupthing predicts higher prices for groceries
Share article
Facebook
Twitter
Recommended Posts
Latest news
Popular posts
- Whaling Restarts in Iceland Following Four-Year Hiatus
- Road to Landmannalaugar Opens For the Summer
- Intact Walls from an 11th Century Turf House Found in Seyðisfjörður
- Sculpture Will Be Relocated Following Fatal Accident
- What kind of gun laws exist in Iceland?
- Are there any public laundry facilities in Iceland?