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Hitt og þetta 25. júlí 2006

(IFN) Icelands CPI expected to rise to 8.6% in August ? Kaupthing

Reykjavik (IFN) Iceland's August CPI inflation rate will rise to a yearly 8.6% from 8.4% in July, according to Icelandic bank Kaupthing, corresponding to a 0.4% monthly rate.

Kaupthing said that rising oil prices and weaker ISK are the main drivers, adding that groceries should be more expensive, clothing and electrical durable goods cheaper due to retail discounts.

The bank expects the rise in inflation rate to be nearing a peak.

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Icelandic Financial News (IFN) is available on Factiva, a joint venture between Reuters and Dow Jones Newswires, FT.COM, LexisNexis, Comtex, Gale and Thomson via the Nordic Business Report.