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. An increase in the kaupmáttarvísitala suggests that wages are rising faster than prices, leading to an improvement in purchasing power. Conversely, a decrease indicates that prices are rising faster than wages, eroding purchasing power.

This economic indicator is closely watched by policymakers, economists, and the general public in Iceland. It is a key metric for assessing the effectiveness of economic policies and understanding the general economic climate. Fluctuations in the kaupmáttarvísitala can influence wage negotiations, government spending decisions, and consumer confidence. The data is typically published by Statistics Iceland.