May 29 2017
Consumer price index in May 2017

The Consumer Price Index (CPI) based on prices in May 2017 is 443.0 points (May 1988=100), 0.20% higher than in April 2017. The CPI less housing cost is 387.6 points, 0.41% lower than in April 2017.

Cost of owner occupied housing (imputed rent), rose by 2.5% (effect on the index 0.48%) and international airfares declined by 8.6% (-0.10%).

The CPI is 1.7% higher in May 2017 than in May 2016 while the CPI less housing cost is 2.6% lower than one year ago.

The CPI compiled in the middle of May 2017, 443.0 points, is applicable for indexation purposes in July 2017. The old credit terms index for July 2017 is 8,747 points.

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Dec 08 2017
Bond News
Fitch upgrades Iceland to ‘A’; outlook stable

Fitch Ratings announced today that it had upgraded Iceland‘s long-term foreign and local-currency Issuer Default Ratings (IDRs) to ‘A’ from ‘A-’. The outlook is stable. The main rating drivers are economic stability, reduced external vulnerability and improvements in government debt ratios, supported by robust growth.