Financial News: Iceland Inflation Eases To 3.7%, Lowest In Nearly

Iceland Inflation Eases To 3.7%, Lowest In Nearly 5 Years

11/27/2025 - 07:32:00 (RTTNews)

(RTTNews) - Consumer price inflation in Iceland moderated in November to the lowest level in almost five years, preliminary data from Statistics Iceland showed on Thursday.

The consumer price index rose 3.7 percent year-on-year in November, slower than the 4.3 percent rise in October. The CPI excluding housing costs was 2.7 percent higher than a year ago.

Further, this was the lowest inflation rate since December 2020, when prices had risen 3.6 percent.

Housing and utility costs alone grew 6.5 percent annually in November, and those of food and non-alcoholic beverages rose 6.0 percent. Meanwhile, clothing and footwear prices dropped 2.3 percent.

On a monthly basis, consumer prices dropped 0.5 percent, reversing a 0.5 percent increase in October. Moreover, this was the first decrease in ten months.

For comments and feedback: contact editorial@rttnews.com

Market News provided by RTTNews

RECENT INTERNATIONAL FINANCIAL NEWS

Sweden Economic Confidence Rises To 40-Month High (24 min(s), 30 sec(s) ago)
(RTTNews) - Sweden's economic confidence strengthened in November to the highest level in more ...Full Story»

Iceland Inflation Eases To 3.7%, Lowest In Nearly 5 Years (01 hr(s), 10 min(s), 30 sec(s) ago)
(RTTNews) - Consumer price inflation in Iceland moderated in November to the lowest level in almos ...Full Story»

Eurozone Bank Lending Growth Improves (01 hr(s), 20 min(s), 30 sec(s) ago)
(RTTNews) - Eurozone bank lending increased at a faster pace in October as easing monetary policy ...Full Story»

Turkey Trade Deficit Widens In October (01 hr(s), 36 min(s), 30 sec(s) ago)
(RTTNews) - Turkey's foreign trade deficit increased in October from the previous year as impo ...Full Story»

Eurozone Economic Confidence Rises In November (01 hr(s), 52 min(s), 30 sec(s) ago)
(RTTNews) - Eurozone economic sentiment rose in November as higher confidence in services, retail ...Full Story»

Italian Consumer Confidence Weakens; Business Morale Rises (02 hr(s), 38 min(s), 30 sec(s) ago)
(RTTNews) - Italy's consumer confidence worsened in November to the lowest level in seven mont ...Full Story»

Norway Jobless Rate Falls To 4.5% (03 hr(s), 09 min(s), 30 sec(s) ago)
(RTTNews) - Norway's unemployment rate decreased in October to the lowest level in three month ...Full Story»

German GfK Consumer Sentiment To Improve (03 hr(s), 26 min(s), 30 sec(s) ago)
(RTTNews) - German consumer confidence is set to improve in December as households showed willingn ...Full Story»