Tag: inflation

Politics

New Car Sales Rise Despite High Interest Rates, Inflation

The sale of new cars rose during the month of May when compared to sales during the same month last year, RÚV reports. This increase

Ragnar Tómas June 2, 2023

Prime Minister of Iceland Katrín Jakobsdóttir

Politics

Cabinet to Receive 6% Raise Amid Inflation and Interest Hikes

Iceland’s government ministers and top officials are set to receive a 6-6.3% raise from July 1, RÚV reports. Union leaders and opposition MPs have called

Jelena Ćirić May 30, 2023

Economy

Central Bank Raises Key Interest Rates by 1.25%

The Monetary Policy Committee of the Central Bank of Iceland raised the policy rate this morning by 1.25%. This is the thirteenth rate hike in

Ragnar Tómas May 24, 2023

Politics

Dairy Price Hikes Spark Discussion on Industry Structure

The price of dairy products has risen 16% over the past year, well above inflation rates. At the same time, Auðhumla, the parent company of

Jelena Ćirić May 9, 2023

Economy

Global Price Reductions Must Be Passed on to Icelandic Consumers

The Minister of Culture and Business Affairs has encouraged Icelandic petrol companies to do their part in the effort to curb inflation. The minister calls

Ragnar Tómas April 14, 2023

Economy

Cost of Milk and Dairy Products Increases

The Agricultural Pricing Committee has decided to increase the minimum price that milk can be bought from dairy farmers, alongside the wholesale price of milk

Ragnar Tómas April 5, 2023

Economy

Indexed Loans Dominate Mortgage Market

As the payment burden of non-indexed loans continues to rise, households are increasingly moving towards indexed loans. Despite rising interest rates, the banks have not

Ragnar Tómas April 5, 2023

Economy

Inflation Dips Below 10%, Finance Minister Cautiously Optimistic

Despite the consumer price index increasing by 0.59% month-on-month, the annual inflation rate has decreased to 9.8% (down from 10.2% in February). The Finance Minister

Ragnar Tómas March 29, 2023

Economy

Central Bank Raises Interest Rate 1%, Now at 7.5%

The Monetary Policy Committee of the Central Bank of Iceland has raised interest rates a further 1%. This is the twelfth rate hike in a

Erik Pomrenke March 22, 2023

Politics

National Pact Required to Fight Ongoing Inflation

The Governor of the Central Bank has stated that a national pact may be needed in order to overcome persistent inflation, RÚV reports. Whether or

Ragnar Tómas March 8, 2023

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Tag: inflation

New Car Sales Rise Despite High Interest Rates, Inflation

Cabinet to Receive 6% Raise Amid Inflation and Interest Hikes

Central Bank Raises Key Interest Rates by 1.25%

Dairy Price Hikes Spark Discussion on Industry Structure

Global Price Reductions Must Be Passed on to Icelandic Consumers

Cost of Milk and Dairy Products Increases

Indexed Loans Dominate Mortgage Market

Inflation Dips Below 10%, Finance Minister Cautiously Optimistic

Central Bank Raises Interest Rate 1%, Now at 7.5%

National Pact Required to Fight Ongoing Inflation

Emmsjé Gauti Releases 2023 National Festival Song

Opioid Crisis: Over 1,730 Doses of Naloxone Distributed

EFTA Surveillance Authority to Investigate Whaling in Iceland

New Car Sales Rise Despite High Interest Rates, Inflation

Real Estate Value Rises 11.7% in Iceland

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