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Financial News: Iceland Inflation Accelerates In April

Iceland Inflation Accelerates In April

04/29/2019 - 08:29:00 (RTTNews)

(RTTNews) - 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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