Costs of wages in Iceland increased at a slower pace in June, data released by Statistics Iceland showed Friday.
The wage cost index advanced 6.9 percent on an annual basis in June, notably weaker than the 11 percent growth seen in May. In April, the rate of growth was 11.9 percent.
Month-on-month, the index remained broadly unchanged in June, after edging up 0.4 percent in May.
In the six months ended June, wages costs climbed 7.3 percent from the corresponding period a year earlier, data showed.
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June 05, 2026 16:18 ET A busy week for economic news flow saw a slew of reports being released that reflected the trends in the U.S. labor market. In Europe, economic growth and inflation data gained attention as the European Central Bank and Bank of England head for policy session later in the month. In Asia, the monetary policy session of the Indian central bank was in focus as the country, a major oil importer, reels under the pressures of a weaker rupee and rising inflation.