Fuel Prices Fall but Inflation Forecast Holds Steady

Inflation in Iceland is expected to remain unchanged at 5.2% in July, according to a new forecast by Landsbankinn’s Economics Department, with higher international air fares offsetting the effects of summer sales and lower fuel prices. The bank also expects inflation to rise above the threshold set out in the wage agreements’ contingency clause in… The post Fuel Prices Fall but Inflation Forecast Holds Steady appeared first on Iceland Review.

By Irina Shtreis