Yesterday Statistics Iceland announced that 12-month inflation in Iceland had fallen below 2% for the first time since March 2004. Prices actually fell 0.9% in January as compared to December. The fall was higher than anticipated by banks which had forecast a price decrease of 0.5 to 0.8%.Source: http://icelandreview.com/icelandreview/daily_news/?cat_id=29314&ew_0_a_id=373184
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