Iceland Inflation Eases In October

Iceland's consumer price inflation slowed slightly in October, after an acceleration in the previous month, data from Statistics Iceland showed Thursday. The headline consumer price index rose 4.2 percent annually, following a 4.3 percent increase in September. The Iceland central bank has an inflation target of 2.5 percent. Month-on-month, consumer prices edged up 0.3 percent in October, after a 0.8 percent increase in the previous month. It was the second monthly increase in a row. Excluding housing cost, consumer prices rose 4.7 percent from a year ago and 0.47 percent from September.

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