Iceland's Consumer Price Inflation Slows In November

Sponsored Links

Consumer prices in Iceland increased 8.6% year-on-year in November, slower than the 9.7% growth in the previous month, Statistics Iceland reported on Thursday. Consumer price inflation has been on a slowing trend since June, when the annual inflation rate stood at 12.2%. Excluding housing costs, consumer prices surged 12.5%.

On a monthly basis, consumer prices climbed 0.7% in November, slower than the 1.1% increase in the preceding month. Excluding housing costs, the consumer price index rose 1%.

Prices of clothing & footwear rose 3.4%, and that of petrol & diesel oil grew 3.5%. On the other hand, airfares for international flights slumped 14.5%.

Consumer prices in Iceland increased 8.6% year-on-year in November, slower than the 9.7% growth in the previous month, Statistics Iceland reported on Thursday. Consumer price inflation has been on a slowing trend since June, when the annual inflation rate stood at 12.2%. Excluding housing costs, consumer prices surged 12.5%. (Market News Provided by RTTNews)