India, March 27 -- Consumer price inflation in Iceland slowed for a third straight month in March and sunk to its lowest level in over four years, preliminary data from Statistics Iceland showed on Thursday.
The consumer price index rose 3.8 percent year-on-year in March after a 4.2 percent in February. This was the weakest increase since December 2020, when inflation was 3.6 percent.
Among the main CPI components, utility costs logged the biggest increase of 7.6 percent. This was followed by alcoholic beverages and tobacco as well as miscellaneous goods and services where prices were more than 5 percent higher. Food and non-alcoholic beverages registered a 4.9 percent rise in prices. The CPI rose 0.37 percent from the previous month.
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