Iceland’s EU measure of inflation dropped for the fifth straight month in March, but at a slower pace than in the previous month, figures from Statistics Iceland showed Monday.
The harmonized index of consumer prices, or HICP, fell 0.1 percent year-over-year in March, slower than February’s 0.8 percent decrease.
Transport costs declined 5.2 percent in March from the previous year and clothing and footwear prices slipped by 2.2 percent. Meanwhile, prices of food and beverages grew 1.4 percent.
Month-on-month, the HICP climbed at a faster pace of 1.1 percent in March, following a 0.4 percent rise in February. It was the second successive monthly increase.
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