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Inflation Is Moving Upwards
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Inflation increased between months. It is 4.1 percent according to Statistics Iceland calculations, but was 3.8 percent last month. Inflation has been dancing around four percent since February. Housing costs and clothing and shoes increased inflation, but falling prices for international airfares offset that increase. If the housing component is not included, inflation is 3.2 percent over the past twelve months. Inflation increased during Covid…
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