Inflation measured over the 12-month period is now 4.6% and has been the highest since February 2013, i.e. for over 8 years.
The consumer price index based on the price level in April 2021 increased by 0.71% from the previous month. The same index, net of housing prices, has increased by 0.38% since March 2021. In the last 12 months, this value has jumped up by 4.6% and, net of property prices, has also increased by 4.6%.
Estimated rental value increased by 2.5% (impact on the index 0.40%) and the prices of groceries and beverages increased by 1.1% (0.16%, of which dairy products 0.11%).
The above figures differ from the forecasts of the analysis department of Íslandsbanki, although on April 14 it predicted that the commodity price index would increase by 0.2% between March and April this year. “In turn, the twelve-month inflation will decline in April, which is in line with the forecast. Housing prices and food price increases explain most of the monthly increase in consumer prices. The outlook for inflation is quite good and is set to fall below 2.5% predicted by the Central Bank (Seðlabanki) early next year. “ – reads Íslandsbanki in the forecast.
Source: Yle