From Iceland — Lowest Inflation In Ten Months

Lowest Inflation In Ten Months

Published July 21, 2023


The annual inflation rate has decreased, according to new data from Statistics Iceland. Inflation is now 7.6%, as opposed to 8.9% in June. 

A major factor in calculating this result is lower prices on shoes and clothing due to summer clearances. 

Inflation reached a high point last February when it surpassed 10% and has not been this low since May 2022, when it was 7.6%.


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