The CPI based on prices in January increased 0.5% between months bringing inflation to 5.7% from 5.1% in December.
Last week’s highlights
The CPI based on prices in January increased 0.5% between months bringing the headline number to 5.7% from 5.1% in December. This was significantly higher than expected, but we forecasted a 0.2% decrease between months. Inflation has not been higher since April 2012.
The unemployment rate based on the Icelandic Labour Force Survey was 4.2% in December down 2.8 percentage points between years.
S&P Global Ratings affirmed Íslandsbanki’s rating at BBB/A-2.
The week ahead
On Wednesday, the CBI with release the results of its survey of market expectations.
Marel (Wednesday), Icelandair Group (Thursday) and Landsbankinn (Thursday) publish earnings for 2021.