Icelandic April inflation higher than forecasts

ICELAND - Iceland's consumer price index rose 1.2 percent in Apr 2001 to stand 4.5 percent higher than a year earlier, the national statistics office Statice said on Apr 11, exceeding market expectations. In the past three months Icelandic CPI has risen 2.0 percent, equivalent to 8.4 percent year-on-year inflation.

Iceland's central bank changed its monetary policy regime in an announcement on Mar 27, switching to an inflation target of 2.5 percent on an annualised basis effective end-2003 from

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