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Figures from the Statistics Iceland on Monday showed that inflation in Iceland decelerated in April.
After rising 1.9 percent in April, consumer prices increased an annual 1.7 percent in May.
The consumer price index less housing cost dipped 0.41 percent from April and by 2.6 percent from the same period last year.
From 0.5 percent in the previous month, consumer inflation eased to 0.2 percent.
