Inflation is now 12,2% and grew 1,38% in June. So it is a a natural catastrophe that is just as Icelandic as earthquakes and volcanoes.
The new taxes were supposed to increase inflation by 0,25% but in reality they had an effect of 0,4%.
Congratulations homeowners…smile and pay!
Iceland’s south western Reykjanes Peninsula has been experiencing a huge amount of seismic activity in recent days.
438 earthquakes have occurred in the region in the last 48 hours alone. The biggest quakes happened at 21.33 last night and at 13.35 today. Last night’s quake measured 4.9 on the Richter scale, and today’s 4.5.
Both were centred near the town of Grindavik and were clearly felt by residents in the capital, Reykjavik. The famous Blue Lagoon spa is also very near the epicentre and guests felt the full force of today’s quake, but were not asked to leave the complex. The Blue Lagoon was already closed by the time last night’s tremor took place.
No damage or injury has been reported anywhere and the quakes were much smaller than last June’s 6.3 tremor, which also killed no one.