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Iceland Inflation Accelerates In April

Iceland's consumer price inflation accelerated in April to its highest level in three months, figures from Statistics Iceland showed on Monday.

The consumer price index rose 3.30 percent year-on-year following a 2.90 percent increase in March. The inflation rate was the highest since January, when price growth was 3.4 percent.

Excluding housing cost, inflation was 2.8 percent.

On a monthly basis, the CPI climbed 0.40 percent in April after a 0.50 percent rise in March.

Airfares surged 20.6 percent monthly, partly driven by the bankruptcy of an airline and the Easter holidays.

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