Weekly bul­letin 24 June 2024

The housing price index was up by 1.4% in May and the rental price index by 3.2%, according to figures published last week. While the Bank of England maintained an unchanged policy rate, the Swiss National Bank lowered its rate by 0.25 percentage points. Of most interest domestically this week is without doubt the CPI, to be published by Statistics Iceland on Thursday.
Paprika
24 June 2024

The week ahead

  • Today, Statistics Iceland releases the wage index for May.
  • On Thursday, Statistics Iceland publishes the June CPI. We expect the CPI to increase by 0.47% between months and inflation to decrease from 6.2% to 5.8%.
  • Ölgerðin publishes financial statements for the period 1 March - 31 May 2024.
  • On Friday, the Central Bank of Iceland (CBI) publishes its quarterly Hagvísar. Hagar publishes financial statements for the period 1 March - 31 May 2024.

Image of the week

In 2023, the food basket cost around 36% more in Iceland than on average in the European Union. This is in keeping with a 34% higher GDP per capita in 2023 in Iceland than in the EU. Statistics Iceland published data on the subject last week. Switzerland has the most expensive food basket while Turkey’s is the cheapest.

Highlights of the previous week

Statistics and market data

Weekly bulletin 24 June 2024 (PDF in Icelandic)

Disclaimer
This review and/or summary is marketing material intended for information purposes and not for business purposes. This marketing material does not contain investment advice or independent investment 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.

Information about the prices of domestic shares, bonds and/or indices is source from Nasdaq Iceland - the Stock Exchange. Landsbankinn’s website contains further information under each individual equity, bond class or index. Information about the prices of non-domestic financial instruments, indices and/or funds are sourced from parties Landsbankinn considers reliable. Past returns are not an indication of future returns.

Information about the past returns of Landsbréf funds is based on information from Landsbréf. Detailed information about the historic performance of individual funds is available on Landsbankinn’s website, including on returns for the past 5 years. Information about the past performance of funds show nominal returns, unless otherwise stated. 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.

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, available on Landsbankinn’s website.

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