Financial News: Iceland Inflation Slows To 4.0% In July

Iceland Inflation Slows To 4.0% In July

07/24/2025 - 06:13:00 (RTTNews)

(RTTNews) - Consumer price inflation in Iceland eased in July following an acceleration in the previous month, preliminary data from Statistics Iceland showed on Thursday.

The consumer price index rose 4.0 percent year-on-year following a 4.2 percent increase in June. Inflation was 3.8 percent in May.

Among the main CPI components, utility costs logged the biggest annual increase, up 7.1 percent. Prices of food and non-alcoholic beverages rose 5.0 percent. The biggest decline was seen in education cost, down 12.3 percent from a year ago.

The CPI rose 0.32 percent month-on-month in July following a 0.84 percent gain in June. As summer sales are ongoing and prices of clothing and footwear decreased by 4.8 percent and those of furniture, furnishings, etc decreased by 2.2 percent, the agency said.

The CPI less housing cost rose 3.0 percent year-on-year and was 0.32 percent higher from the previous month.

For comments and feedback: contact editorial@rttnews.com

Market News provided by RTTNews

RECENT INTERNATIONAL FINANCIAL NEWS

Estonia Trade Gap Widens In July (22 min(s), 57 sec(s) ago)
(RTTNews) - Estonia's foreign trade deficit increased in July from a year ago as imports grew ...Full Story»

Japan Machine Tool Orders Rise 8.1% (01 hr(s), 01 min(s), 57 sec(s) ago)
(RTTNews) - Japan's machine tool orders increased for the second straight month in August, pre ...Full Story»

Dutch Inflation Confirmed At 15-month Low (01 hr(s), 10 min(s), 57 sec(s) ago)
(RTTNews) - Dutch consumer price inflation eased as initially estimated in August to the lowest le ...Full Story»

European Economic News Preview: France Industrial Output Due (01 hr(s), 56 min(s), 57 sec(s) ago)
(RTTNews) - Industrial production from France is the top economic news due on Tuesday, headlining ...Full Story»

Australia Consumer Confidence Weakens In September (02 hr(s), 06 min(s), 57 sec(s) ago)
(RTTNews) - Australian consumer confidence declined notably in September and remained in a 'ca ...Full Story»

Taiwan Trade Data Due On Tuesday (04 min(s), 03 sec(s) ago)
(RTTNews) - Taiwan will on Tuesday release August figures for imports, exports and trade balance, ...Full Story»

American Consumers' Inflation Expectations Rise, Job Finding Hopes At Record Low - NY Fed Survey (45 min(s), 03 sec(s) ago)
(RTTNews) - U.S. consumers' inflation expectations for the one-year ahead ticked up in August, ...Full Story»

American Consumers' Inflation Expectations Rise, Job Finding Hopes At Record Low - NY Fed Survey (20 min(s), 03 sec(s) ago)
(RTTNews) - U.S. consumers' inflation expectations for the one-year ahead ticked up in August, ...Full Story»