News From The Central Bank Of Iceland - Revised 1999 Inflation Forecast

The Central Bank of Iceland has revised its inflation forecast for 1999 in the light of recent information about the development of consumer prices and underlying factors. The Central Bank now projects that consumer prices will rise by 3.3 percent between the averages of 1998 and 1999 and by 4.6 percent within the year 1999. Between the averages of 1999 and 2000 the Central Bank projects a 4.1 percent rise in consumer prices and a 3.7 percent rise within the year 2000.