29 November 2021 - Landsbankinn
The CPI based on prices mid-November increased by 0.35% between months, bringing the inflation rate to 4.8%, up from 4.5% in October.
Last week’s highlights
- The CPI based on prices mid-November increased by 0.35% between months, bringing the inflation rate to 4.8%, up from 4.5% in October. This was a slightly less increase than we expected.
- According to Statistics Iceland’s LFS, the unemployment rate was 5.8% in October.
- Statistics Iceland released trade in goods and services for Q3.
The week ahead
- On Tuesday, Statistics Iceland will release GDP figures for Q3.
- On Wednesday, the CBI will release balance of payments for Q3 and the minutes of the last meeting of the Monetary Policy Committee.
Markets and Economic Overview
You may also be interested in
3 Feb. 2026
Monthly newsletter of current economic affairs in Iceland.
6 Jan. 2026
Monthly newsletter of current economic affairs in Iceland.
2 Dec. 2025
Monthly newsletter of current economic affairs in Iceland.
4 Nov. 2025
Monthly newsletter of current economic affairs in Iceland.
22 Oct. 2025
The Icelandic economy will grow at a slow pace in coming years, according to a new economic forecast from Landsbankinn Economic Research. Gross domestic product (GDP) contracted by 1.0% last year, largely due to a negative contribution from foreign trade, but this year the outlook is for 1,5% growth in GDP. Strong private consumption and increased exports appear to have vitalised the economy this year; however, various forces are restraining growth and will continue to cool the system in the years ahead.
1 Oct. 2025
Monthly newsletter of current economic affairs in Iceland.
1 Sept. 2025
Monthly newsletter of current economic affairs in Iceland.
1 August 2025
Monthly newsletter of current economic affairs in Iceland.