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

Russia Slashes Interest Rates Again On Easing Price Pressures (02 hr(s), 50 min(s), 45 sec(s) ago)
(RTTNews) - Russia's central bank lowered the key interest rate massively for a second policy ...Full Story»

UK Retail Sales Rebound As Warm Weather Boosts Spending (04 hr(s), 17 min(s), 45 sec(s) ago)
(RTTNews) - UK retail sales recovered in June as warm weather boosted consumer spending but consum ...Full Story»

Eurozone Bank Lending Growth Improves (05 hr(s), 10 min(s), 45 sec(s) ago)
(RTTNews) - Eurozone bank lending increased at a faster pace in June despite trade tariff concerns ...Full Story»

Russia Central Bank Cuts Interest Rate By 200 Bps (06 hr(s), 11 min(s), 45 sec(s) ago)
(RTTNews) - Russia's central bank slashed its benchmark rate by 200 basis points on Friday cit ...Full Story»

German Business Sentiment Strongest In More Than A Year (06 hr(s), 49 min(s), 45 sec(s) ago)
(RTTNews) - German business confidence improved to the highest level in more than a year in July d ...Full Story»

French Consumer Sentiment Improves Marginally (07 hr(s), 39 min(s), 45 sec(s) ago)
(RTTNews) - French consumer confidence improved marginally in July, monthly survey results from th ...Full Story»

Singapore Industrial Production Recovers In June (09 hr(s), 10 min(s), 45 sec(s) ago)
(RTTNews) - Singapore's industrial production growth accelerated in June, figures from Economi ...Full Story»

UK Retail Sales Recover In June (10 hr(s), 07 min(s), 45 sec(s) ago)
(RTTNews) - UK retail sales recovered in June as warm weather boosted food and non-food store sale ...Full Story»