Financial News: Iceland Inflation Climbs To 2-year High

Iceland Inflation Climbs To 2-year High

08/27/2026 - 09:07:00 (RTTNews)

(RTTNews) - Consumer price inflation in Iceland increased further in August to the highest level in two years, preliminary data from Statistics Iceland showed on Thursday.

The consumer price index rose 5.6 percent year-on-year in August, following a 5.3 percent increase in July. The CPI excluding housing costs was 5.2 percent higher than a year ago.

Moreover, this was the highest inflation rate since August 2024, when prices increased 6.0 percent.

Inflation based on food and non-alcoholic beverages rose to 4.1 percent from 3.9 percent, and that on housing and utilities climbed to 6.8 percent from 6.5 percent. Clothing and footwear prices rebounded 0.7 percent, and costs for information and communication were 5.3 percent more expensive. Meanwhile, transport inflation slowed marginally to 9.9 percent.

On a monthly basis, consumer prices moved up 0.2 percent versus a 0.4 percent rise in July.

For comments and feedback: contact editorial@rttnews.com

Market News provided by RTTNews

RECENT INTERNATIONAL FINANCIAL NEWS

Bulgaria Q2 GDP Growth Eases Less Than Estimated (01 hr(s), 51 min(s), 48 sec(s) ago)
(RTTNews) - Bulgaria's economy expanded more than initially estimated in the second quarter, ...Full Story»

Eurozone Economic Growth Revised Up To 0.6% (02 hr(s), 28 min(s), 48 sec(s) ago)
(RTTNews) - The euro area economy expanded more than initially estimated in the second quarter, un ...Full Story»

Eurozone Investor Confidence Strongest Since 2022 (03 hr(s), 11 min(s), 48 sec(s) ago)
(RTTNews) - Eurozone investor sentiment rose for the fifth straight month in September, reaching i ...Full Story»

Czech Industrial Output Growth Eases; Trade Gap Widens (03 hr(s), 30 min(s), 48 sec(s) ago)
(RTTNews) - The Czech Republic's industrial output growth moderated in July, while the country ...Full Story»

Romanian GDP Shrinks As Estimated In Q2 (04 hr(s), 04 min(s), 48 sec(s) ago)
(RTTNews) - Romania's economy contracted further as estimated initially in the second quarter ...Full Story»

German Industrial Output Falls Most In 11 Months (04 hr(s), 16 min(s), 48 sec(s) ago)
(RTTNews) - Germany's industrial output declined at the fastest pace in almost a year in July, ...Full Story»

Singapore Retail Sales Growth Eases To 1.5% (04 hr(s), 44 min(s), 48 sec(s) ago)
(RTTNews) - Singapore's retail sales growth moderated in August after accelerating in the prio ...Full Story»

Eurozone GDP Growth Revised Up (05 hr(s), 15 min(s), 48 sec(s) ago)
(RTTNews) - The euro area economy expanded more than initially estimated in the second quarter, re ...Full Story»