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It's Safe to Say that Inflation Is Measuring Less than One Percent.
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Changes in how inflation is measured have caused it to be measured higher than it would otherwise be, says Sigurður Hannesson, CEO of the Confederation of Icelandic Industries. "Inflation is currently 4.3 percent and has been quite persistent. If we were still using the old approach, the old method, inflation would be 3.3 percent, interest rates would be lowered, we would be in a completely different economic situation," said Sigurður in a discu…
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