Iceland's annual inflation accelerated to the highest level in eight months in February, data released by Statistics Iceland showed Wednesday.
Inflation as per the consumer price index accelerated to 4.8 percent in February from 4.2 percent in January. The latest figure was the highest since June 2012, when consumer prices rose 5.4 percent.
Inflation, excluding housing costs, was 5.6 percent during the month, the agency said.
Prices of groceries climbed 5.8 percent annually, while prices of imported goods advanced 5 percent. Agricultural product prices were higher by 5.7 percent compared to last year, while costs of domestic goods and vegetables gained 5.8 percent.
On a monthly basis, the consumer price index advanced 1.6 percent in February, notably faster than the 0.3 percent gain seen in January.
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