According to Statistics Iceland, the Consumer Price Index (CPI), based on prices in January 2024, is 0.16% lower than in the previous month. The CPI less housing cost is 495.4 points, 0.50% lower than in December 2023. The CPI is 6.7% higher in January 2024 than in January 2023 and the CPI less housing cost is 5.2% higher than one year ago.

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