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Iceland's consumer price inflation eased for the third month in a row in November, figures from Statistics Iceland showed on Wednesday.
The consumer price index rose 2.7 percent year-on-year in November, after a 2.8 percent increase in October.
Excluding housing cost, inflation was 2.4 percent in November.
On a monthly basis, consumer prices edged up 0.1 percent in November, after a 0.4 percent in the previous month. A similar rate of inflation was seen in September.
International airfares fell by 11.2 percent monthly in November, while costs of owner occupied housing rose by 0.7 percent.