Consumer price inflation in Iceland slowed for a third straight month in March and sunk to its lowest level in over four years, preliminary data from Statistics Iceland showed on Thursday.
The consumer price index rose 3.8 percent year-on-year in March after a 4.2 percent in February. This was the weakest increase since December 2020, when inflation was 3.6 percent.
Among the main CPI components, utility costs logged the biggest increase of 7.6 percent. This was followed by alcoholic beverages and tobacco as well as miscellaneous goods and services where prices were more than 5 percent higher. Food and non-alcoholic beverages registered a 4.9 percent rise in prices. The CPI rose 0.37 percent from the previous month.
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June 19, 2026 16:46 ET Major central banks continued to dominate the economic news flow this week too, led by the Federal Reserve, as they announced their latest policy decisions. The Federal Reserve policy session was in focus as it was the first to be led by the new chief Kevin Warsh. In Europe, central banks of the U.K. and Switzerland announced their rate decisions. In Asia, the Bank of Japan drew attention for its policy moves, while data out of China threw some light on the state of the economy.