The increased duty on fuel and alcohol introduced in Iceland on 1st January will have the effect of pushing up the consumer price index by around one percent and therefore pushing up the cost of inflation-indexed mortgages.
Tag Archive | "inflation"
Higher taxes pushing Icelandic mortgages up
Posted on 10 January 2010.
Posted in Business, Iceland, MBL, Politics, SocietyComments (5)
Iceland inflation figures see slight drop in November
Posted on 26 November 2009.
The annual rate of inflation in Iceland has dropped to 8.6 percent in November, compared to 9.7 percent in October. This is the lowest it has been since autumn 2007; but still a long way from the Central Bank of Iceland’s targeted 2.5 percent.
Posted in Business, Iceland, MBLComments (1)
Iceland Consumer Price Index in July 2009
Posted on 29 July 2009.
The CPI based on prices in July 2009 is 345.1 points (May 1988=100), 0.17% higher than in the previous month. The CPI less housing cost is 323.9 points, 0.56% higher than in June. The increase is lower than prediced by the IMF and Islandsbanki, but slightly higher than Landsbanki predicted.
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Iceland monthly inflation figures released
Posted on 24 June 2009.
Iceland’s rate of inflation increased 1.38 percent in June, meaning a rate of 12.2 percent inflation in the last 12 months (16.7 percent when housing costs are excluded). This rate of inflation is higher than the banks predicted, with NBI (Landsbanki) predicting 1.2 percent and Islandsbanki just 0.9 percent.
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Iceland consumer price index in April 2009
Posted on 29 April 2009.
The CPI based on prices in April 2009 is 336.0 points (May 1988=100), 0.45% higher than in the previous month. The CPI less housing cost is 311.6 points, 0.84% higher than in March. Prices of petrol and diesel oil rose by 8.2% (effect on the index 0.33%) and prices of clothing and footwear increased by [...]
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Iceland inflation drops further
Posted on 24 March 2009.
The expected rapid decrease in Iceland’s high rate of consumer price inflation appears to be continuing. After peaking in January at a year-on-year rate of 18.6 percent, it reduced to 17.6 percent in February and 15.2 percent this month.
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Inflation finally easing in Iceland
Posted on 26 February 2009.
Iceland’s fearsome inflation rate has begun to ease, according to preliminary February figures released yesterday. Reuters reports that the CPI reduced to an annual 17.6 percent over the month from a peak of 18.6 percent in January.
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Icelandic wages still increasing
Posted on 24 February 2009.
Statistics Iceland reports that the monthly wage index in January 2009 increased by 0.6 percent to 355.7 points. That figure is around 7.5 percent over the previous 12 months. The January increase means that ‘real wages’ stayed the same in that month, but have fallen 9.4 percent in the last year as a whole. Real [...]
Posted in Business, Iceland, MBL, SocietyComments (35)
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