Tuesday, the Statistics Iceland said in a report that the consumer price index or CPI rose 15.2% year-over-year in March, slower than the 17.6% rise seen in the previous month. A year ago, consumer prices were up 8.7%.

The CPI less housing cost increased 19.4% annually in March, after rising 21% in February.

On a monthly basis, the CPI dropped 0.6% in March, in contrast to a 0.5% increase in the preceding month.

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