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Free School Meals No Longer Hold Back Inflation
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The increase in inflation on an annual basis from 3.8% to 4.1% did not surprise analysts, according to Hildur Margrét Jóhannsdóttir, acting chief economist at Landsbanki. "This is largely explained by the fact that in September last year, school meals in primary schools were made free. That alone had the effect of slowing inflation and that effect on the inflation measurement for 12 months and did not subside until now, and then inflation increa…
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