Not only does the Icelandic economy continues to see strong economic growth after the 2008 financial meltdown, but this growth continues to improve the bottom lines of the pocketbooks of average families. According to figures from Statistics Iceland wages have risen by 10.4% over the past 12 months.
At the same time inflation seems to be in check. Inflation has never exceeded 2%, measured year-over-year, in the past 12 months. The low inflation means that most of the rising wages actually translate into a growing purchasing power. Adjusted for inflation wages rose by 8.5% in real terms.
Not only does the Icelandic economy continues to see strong economic growth after the 2008 financial meltdown, but this growth continues to improve the bottom lines of the pocketbooks of average families. According to figures from Statistics Iceland wages have risen by 10.4% over the past 12 months.
At the same time inflation seems to be in check. Inflation has never exceeded 2%, measured year-over-year, in the past 12 months. The low inflation means that most of the rising wages actually translate into a growing purchasing power. Adjusted for inflation wages rose by 8.5% in real terms.
