Financial News: Iceland Inflation Rises To 4-month High

Iceland Inflation Rises To 4-month High

07/23/2026 - 09:05:00 (RTTNews)

(RTTNews) - Consumer price inflation in Iceland increased slightly in July to the highest level in four months, preliminary data from Statistics Iceland showed on Thursday.

The consumer price index rose 5.3 percent year-on-year in July, following a 5.2 percent increase in June. The CPI excluding housing costs was 4.8 percent higher than a year ago.

Moreover, this was the highest inflation rate since March, when prices increased 5.4 percent.

Inflation based on transportation rose to 10.0 percent from 9.9 percent, and that for information and communication accelerated to 4.8 percent from 3.6 percent. Costs for housing and utilities were 6.5 percent more expensive, while those for food and non-alcoholic beverages grew at a steady pace of 3.9 percent.

On a monthly basis, consumer prices moved up 0.4 percent versus a 0.9 percent rise in June.

Separate official data showed that producer price inflation quickened to a 4-year high of 19.4 percent in June from 16.8 percent in May. The annual price growth in marine products accelerated to 21.9 percent from 19.6 percent, and the price index for the metal industry also grew at a faster pace of 45.3 percent versus 38.1 percent in May.

For comments and feedback: contact editorial@rttnews.com

Market News provided by RTTNews

RECENT INTERNATIONAL FINANCIAL NEWS

Japan Services PMI Improves To 52.5 - S&P Global (17 min(s), 22 sec(s) ago)
(RTTNews) - The services sector in Japan continued to expand in August, and at a faster pace, the ...Full Story»

Hong Kong Private Sector Slips Into Contraction - S&P Global (13 min(s), 22 sec(s) ago)
(RTTNews) - The private sector in Hong Kong fell into contraction in August, the latest survey fro ...Full Story»

Singapore Private Sector Accelerates In August - S&P Global (10 min(s), 22 sec(s) ago)
(RTTNews) - The private sector in Singapore continued to expand in August, and at a slightly faste ...Full Story»

Australia Services PMI Ebbs In August - S&P Global (24 min(s), 22 sec(s) ago)
(RTTNews) - The services sector in Australia continued to expand in August, albeit at a slower pac ...Full Story»

New Zealand Q2 Terms Of Trade Tumbles 9.0% (04 min(s), 22 sec(s) ago)
(RTTNews) - New Zealand's terms of trade dropped a seasonally adjusted 9.0 percent on quarter ...Full Story»

Australia Trade Data Due On Thursday (17 min(s), 22 sec(s) ago)
(RTTNews) - Australia will on Thursday release July figures for imports, exports and trade balance ...Full Story»

U.S. Crude Oil Inventories Tumble Much More Than Expected (56 min(s), 22 sec(s) ago)
(RTTNews) - The Energy Information Administration released a report on Wednesday showing U.S. crud ...Full Story»

U.S. Factory Orders Rebound More Than Expected In July (51 min(s), 22 sec(s) ago)
(RTTNews) - New orders for U.S. manufactured goods rebounded by more than expected in the month of ...Full Story»