2 August 2022 - Landsbankinn
Purchasing power in June was 2.9% lower than it was in January 2022, when it had never been higher.
Last week’s highlights
Arion bank, Festi, Íslandsbanki and Marel published Q2 earnings.
Statistics Iceland released numbers on overnight stays in June.
The week ahead
On Friday, Statistics Iceland will publish numbers on the labour market in June.
Markets and Economic Overview
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12 Sept. 2022
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5 Sept. 2022
Icelandic Economic Weekly: 5 September 2022
The inflation rate, measuring 9.7% in August, decreased YoY between months.
29 August 2022
Icelandic Economic Weekly: 29 August 2022
The Central Bank of Iceland (CBI) raised interest rates by 0.75 percentage points. The policy rate is now 5.5% and has not been higher in six years.
22 August 2022
Icelandic Economic Weekly: 22 August 2022
Market agents expect inflation to peak in Q3 2022 at an average rate of 10%, according to a survey of market agents’ expectations conducted by the Central Bank of Iceland (CBI) in August.
15 August 2022
Icelandic Economic Weekly: 15 August 2022
Around 234,000 foreign passengers departed Iceland via Keflavík International Airport in July, departures in July increased about 1.3% compared to July 2019.
8 August 2022
Icelandic Economic Weekly: 8 August 2022
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25 July 2022
Icelandic Economic Weekly: 25 July 2022
The biggest driver of the rise in the CPI between months in July are airfares, which rose by 19.9%.
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.