FX.co ★ Iceland's CPI Shows Slight Decrease in April 2024

In April 2024, Iceland's Consumer Price Index (CPI) experienced a slight decrease compared to the previous month. The CPI for April was reported at 0.6%, down from 0.8% in March 2024. The data was updated on 24th April 2024, revealing a month-over-month comparison that indicates a dip in the inflation rate. The CPI is an essential economic indicator that measures the average change over time in the prices paid by consumers for goods and services, providing insights into the country's inflation trends. Despite the decrease in April, economists will closely monitor future CPI data to assess the overall economic stability in Iceland.