kaupmáttarvísitölumÞær
Kaupmáttarvísitala Þær, often shortened to kaupmáttarvísitala, is an Icelandic economic indicator that measures the purchasing power of the average Icelandic wage. It is calculated by dividing the average nominal wage by the consumer price index. This provides a real value of wages, showing how much goods and services an average person can buy with their earnings.
The kaupmáttarvísitala is used to track changes in living standards and the economic well-being of the population.
This economic indicator is closely watched by policymakers, economists, and the general public in Iceland. It