Iceland's inflation slowed notably in March, the latest figures released by Statistics Iceland showed Tuesday.
The rate of inflation, as measured by the consumer price index, eased to 3.9 percent in March from 4.8 percent in February.
Prices of domestic goods and vegetables rose 5.9 percent annually. Costs of agricultural products were 5.7 percent higher than last year. The CPI, excluding housing cost, rose 4.4 percent year-on-year in March.
On a monthly basis, the CPI rose 0.2 percent compared to 1.6 percent increase in February. Excluding housing prices, the CPI was 0.15 percent higher than in February.
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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.