25 July 2022 - Landsbankinn
The biggest driver of the rise in the CPI between months in July are airfares, which rose by 19.9%.
Last week’s highlights
- The housing price index for the capital region increased by 2.2% MoM in June.
- Statistics Iceland released CPI numbers for June. The CPI rose by 1.17% between months.
- Landsbankinn published H1 earnings.
The week ahead
- On Wednesday, Arion bank, Festi and Marel will publish Q2 earnings.
- On Thursday, Íslandsbanki will publish Q2 earnings.
- On Friday, Statistics Iceland will release numbers on overnight stays in June.
Markets and Economic Overview
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After sharp declines in the stock markets recently, the price of shares rose in 19 of the 22 companies listed on the Icelandic stock exchange in July.
2 August 2022
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Purchasing power in June was 2.9% lower than it was in January 2022, when it had never been higher.
18 July 2022
Icelandic Economic Weekly: 18 July 2022
Around 176,000 foreign passengers departed Iceland via Keflavík Airport in June. Departures in June were about 90% of what they were in June 2019, prior to the pandemic.
11 July 2022
Icelandic Economic Weekly: 11 July 2022
The Icelandic stock market dropped by 2.1% in June, compared to a 9.9% decrease in May.
4 July 2022
Icelandic Economic Weekly: 4 July 2022
The inflation rate, measuring 8.8% in June, has doubled in a year to reach its highest level since October 2009, when it was 9.7%.
27 June 2022
Icelandic Economic Weekly: 27 June 2022
The MPC raised the policy rate by 1 percentage point last week. The CBI’s key interest rate (seven-day term deposits) is now 4.75%, the highest in 5 years.
20 June 2022
Icelandic Economic Weekly: 20 June 2022
Total turnover of domestic payment cards increased by 16,5% YoY in May, at constant prices.
13 June 2022
Icelandic Economic Weekly: 13 June 2022
Around 112,000 foreign passengers departed Iceland via Keflavík Airport in May.
7 June 2022
Icelandic Economic Weekly: 7 June 2022
Gross domestic product (GDP) increased by 8.6% in the first quarter of 2022 compared with the same period last year.
30 May 2022
Icelandic Economic Weekly: 30 May 2022
Since January 2020, rental prices have risen by only 6.5% while the purchase price of apartments has risen by 38.1% over the same period, according to data from Registers Iceland.