Iceland inflation soars to 17.1%

The annual rate of inflation in Iceland has escalated to a record high of 17.1% in November 2008 as the country battles the worst financial crisis in its history.

Statistics Iceland: Press Release, 26.11.08: Consumer price index in November 2008 http://www.statice.is/Pages/444?NewsID=2929

ESO: Background information: Reykjavik borrows $10bn to stave off collapse http://www.europeansources.info/record/reykjavik-borrows-10bn-to-stave-off-collapse/

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