Weekly bul­letin 18 Decem­ber 2023

Since the beginning of 2016, individual disposable income has risen by 54%, yet purchasing power has increased by only 12%, having regard for inflation in the same period.
Fimmþúsundkrónu seðlar
18 December 2023

The week ahead

  • On Tuesday, the Housing and Construction Authority (HMS) releases the housing price index for the capital area.
  • On Thursday, Statistics Iceland releases inflation figures for December and we expect inflation to increase from 8.0% to 8.1%, then decrease to 7.3% in January, 6.8% in February and 6.7% in March.
  • On Friday, the Central Bank of Iceland (CBI) publishes its quarterly Hagvísar.

Image of the week

In the third quarter, individual disposable income was around ISK 443,000 per month and has risen by 54% since 2016, which must be considered substantial. This increase has not resulted in an equivalently higher standard of living if inflation is factored in. The Consumer Price Index rose by 37% in the same period and, adjusting for inflation, the purchasing power of disposable income has grown by around 12% in the same period.

Highlights of the previous week

Statistics and market data

Weekly bulletin 18 December 2023 (PDF in Icelandic)

Disclaimer
This review and/or summary is marketing material intended for information purposes and does not constitute financial advice or an independent financial analysis. The legal provisions that apply to financial advice and financial analysis do not apply to this content, including the ban on transactions prior to publication. The review is based on publicly available information from parties that Landsbankinn deems reliable yet the Bank cannot independently guarantee the accuracy of the information. Landsbankinn is not liable for any loss that may result from use of the information contained herein.

Information about the past performance of financial instruments or indices show nominal returns, unless otherwise mentioned. If results are based on foreign currencies, returns may increase or decrease as a result of currency fluctuations. Past returns are not necessarily an indication of future returns. Detailed information about the historic performance of financial instruments and indices is available on Landsbankinn’s website, including on returns for the past 5 years.

Securities transactions involve risk and readers are encouraged to familiarise themselves with the Risk Description for Trading in Financial Instruments and Landsbankinn’s Conflict of Interest Policy on Landsbankinn’s website.

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