Consumer price inflation in Iceland accelerated in March to the highest level in one-and-a-half years, preliminary data from Statistics Iceland showed on Thursday.
The consumer price index rose 5.4 percent year-on-year in March, faster than the 5.2 percent rise in February. Moreover, a similar inflation rate was last seen in September 2024.
The CPI excluding housing costs was 4.9 percent higher than a year ago.
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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.