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Ugly Oligarchy and Hyperinflationary Interest Rates Keep Inflation High

Summary by Vísir
Inflation in Iceland is currently very persistent. There are several reasons for this. To a large extent, it is driven by the so-called housing component, as in recent years. The fact that housing is defined as consumption has cost Icelandic households billions and still does.
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1 Articles

VísirVísir

Ugly Oligarchy and Hyperinflationary Interest Rates Keep Inflation High

Inflation in Iceland is currently very persistent. There are several reasons for this. To a large extent, it is driven by the so-called housing component, as in recent years. The fact that housing is defined as consumption has cost Icelandic households billions and still does.

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Vísir broke the news in on Tuesday, October 21, 2025.
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