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Iceland Inflation Slows In February

02/24/2012  04:08

Iceland's consumer price inflation eased in February, after accelerating in the previous month, data released by Statistics Iceland showed Friday.

Annual inflation slowed to 6.3 percent in February from 6.5 percent in the previous month. In December, the rate of inflation was 5.3 percent.

Housing costs increased 6 percent year-on-year, while food prices moved up 6.2 percent during the month. There was a 5.5 percent annual growth in prices of imported goods in February.

On monthly basis, consumer prices rose 1 percent in February, faster than the 0.3 percent growth seen in January.

(Market News Provided by RTTNews)

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