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Watch an audio slideshow of how traditional Icelandic rhubarb stew is made. Rhubarb is one of the few vegetables that grows effortlessly in Iceland and for that reason it used to be a highly-valued addition to the traditional diet of fish and lamb.
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The inflation rate fell from 4.6 percent in July to 4.1 percent in August, according to Statistics Iceland.
The Central Bank of Iceland. Photo Copyright Icelandic Photo Agency.
The Central Bank of Iceland aims for a 2.5 percent inflation rate, but expects the price growth to be at 5.4 percent on average this year, 3.4 percent next year and 3 percent the year after, reported Bloomberg.com on Wednesday.
The reason for the slowing inflation is the strengthening króna, which was at a three-year high in mid-August.
Still, optimism in the financial sector is kept moderate, as the bank’s inflation target for this period is unlikely to be met and problems in the longer term can also be expected.
Bloomberg.com cites Ásdís Kristjánsdóttir, head of research at Arion Bank: “The winter could turn out to be more challenging as the current króna exchange rate can’t be maintained, unless the Central Bank and the government can through craftiness prevent the króna from weakening.”
NZ
The 2013 Reykjavík International Children’s Film Festival opens at the cinema Bíó Paradís on Hverfisgata in downtown Reykjavík on May 29.
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The exchange of power in Iceland took place yesterday when the government of Sigmundur Davíð Gunnlaugsson formally took over from that of Jóhanna Sigurðardóttir and ministers exchange keys.
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Mountaineer Leifur Örn Svavarsson became the first Icelander to reach the peak of Everest, the world’s highest mountain, by the North Face from Tibet just before sunrise yesterday morning.
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Iceland’s new government formally took power today following a state council meeting at Bessastaðir, the presidential residence.
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The 2013 April-May issue of Iceland Review & Atlantica has been released. Packed with informative and entertaining stories, highlights include an interview with outgoing Prime Minister Jóhanna Sigurðardóttir and the people who know her best, a photo essay of ice caves in Europe’s largest glacier and a colorful feature on life in the West Fjords.
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REVIEWS
The 11th Reykjavík Shorts & Docs. Catch it while it lasts!
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Artist couple Nína Ivanova and Ómar Smári Kristinsson explain why they decided to settle in the West Fjords’ capital.
Reykjavík Queer Choir’s annual spring concert takes place on Friday, May 24.
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