A long line of young people formed outside the Coppermine store at 44 Laugavegur this morning, where sales of highly sought-after clothing began at noon.

Weather conditions will be fairly good across much of Iceland on Labour Day, although wind and snow showers will affect some areas.

“I had conferences and other events booked this winter, and all of it has been cancelled,” says Einar Björn Árnason, a restaurateur in the Westman Islands, describing the situation in the local tourism industry.

Finance Minister Daði Már Kristófersson says price developments are moving in the right direction. No further emergency measures against inflation are currently planned, but the conditions underlying wage agreements are under pressure.

“There’s room for improvement,” says Vilhjálmur Birgisson, chairman of the Federation of General and Special Workers, when asked about the latest inflation figures, which show twelve-month inflation easing between months to 5.2%.

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