Consumer price inflation in Iceland eased in July following an acceleration in the previous month, preliminary data from Statistics Iceland showed on Thursday.
The consumer price index rose 4.0 percent year-on-year following a 4.2 percent increase in June. Inflation was 3.8 percent in May.
Among the main CPI components, utility costs logged the biggest annual increase, up 7.1 percent. Prices of food and non-alcoholic beverages rose 5.0 percent. The biggest decline was seen in education cost, down 12.3 percent from a year ago.
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June 12, 2026 17:14 ET Major central bank action was the focus this week in economic news. The European Central Bank became the first major central bank to move in response to the rising inflationary pressures in the backdrop of the conflict in the Middle East. In North America, the U.S. inflation and trade data as well as Canada’s central bank decision gained attention. The Chinese trade data was the main news in Asia.