Iceland Consumer Price Inflation Eases In January

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Tuesday, the Statistics Iceland announced that the consumer price index or CPI rose 6.6% year-on-year in January, slower than the 7.5% growth in the previous month. A year ago, the CPI inflation was 18.6%.

On a monthly basis, the CPI dropped 0.3% in January, in contrast to a 0.5% growth in the previous month.

The CPI less housing cost rose 10.9% on an annual basis in January and was up 0.03% compared to the preceding month.

Tuesday, the Statistics Iceland announced that the consumer price index or CPI rose 6.6% year-on-year in January, slower than the 7.5% growth in the previous month. A year ago, the CPI inflation was 18.6%. (Market News Provided by RTTNews)