Producer prices in Iceland rose 11.4 percent year-on-year in August of 2021, from an 11.1 percent increase in the previous month. Cost advanced faster for metal industry (42.1 percent vs 41 percent in July), and exported products (15.7 percent vs 15.5 percent). Meantime, inflation decelerated for foods (1.1 percent vs 1.4 percent), and other manufacturing industries (1 percent vs 1.2 percent), while prices fell at a softer pace for marine products (-2.9 percent vs -3.1 percent). On a monthly basis, producer prices went up 1.9 percent, following a 2.3 percent gain in July. source: Statistics Iceland

Producer Prices Change in Iceland averaged 5.41 percent from 2007 until 2021, reaching an all time high of 68.50 percent in November of 2008 and a record low of -12.40 percent in January of 2014. This page provides - Iceland Producer Prices Change- actual values, historical data, forecast, chart, statistics, economic calendar and news. Iceland Producer Prices Change - data, historical chart, forecasts and calendar of releases - was last updated on October of 2021.

Producer Prices Change in Iceland is expected to be 17.00 percent by the end of this quarter, according to Trading Economics global macro models and analysts expectations. In the long-term, the Iceland Producer Prices Change is projected to trend around 5.40 percent in 2022 and 5.00 percent in 2023, according to our econometric models.

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Iceland Producer Prices Change


Calendar GMT Actual Previous Consensus TEForecast
2021-06-29 09:00 AM May 9.2% 4.1% 9%
2021-07-23 09:00 AM Jun 12.2% 9.2% 11.8%
2021-08-30 09:00 AM Jul 11.1% 12.2% 12.4%
2021-09-28 09:00 AM Aug 11.4% 11.1% 11.7%
2021-10-27 09:00 AM Sep 11.4% 11.1%
2021-11-25 09:00 AM Oct 10.5%
2021-12-21 09:00 AM Nov 9.8%


News Stream
Iceland Producer Inflation Picks Up in August
Producer prices in Iceland rose 11.4 percent year-on-year in August of 2021, from an 11.1 percent increase in the previous month. Cost advanced faster for metal industry (42.1 percent vs 41 percent in July), and exported products (15.7 percent vs 15.5 percent). Meantime, inflation decelerated for foods (1.1 percent vs 1.4 percent), and other manufacturing industries (1 percent vs 1.2 percent), while prices fell at a softer pace for marine products (-2.9 percent vs -3.1 percent). On a monthly basis, producer prices went up 1.9 percent, following a 2.3 percent gain in July.
2021-09-28
Iceland Producer Inflation Slows in July
Producer prices in Iceland were up 11.1 percent year-on-year in July of 2021, easing from a 12.2 percent rise in June which was the highest producer inflation since May 2015. Costs slowed for power intensive industries (41.0 percent vs 45.8 percent), food production (1.4 percent vs 1.5 percent), other manufacturing industries (1.2 percent vs 1.7 percent), exported products (15.5 percent vs 17.3 percent), and inflation remained flat for products sold domestically (at 2.4 percent). Meanwhile, deflation eased for prices of marine products (-3.1 percent vs -3.4 percent). On a monthly basis, producer prices increased 2.3 percent, following a 0.8 percent gain in the prior month.
2021-08-30
Iceland Producer Inflation Picks Up to 2-Year High at 9.2%
Producer prices in Iceland surged 9.2 percent year-on-year in May of 2021, accelerating from a 4.1 percent rise in the previous month. It was the highest producer inflation since April 2019, as cost advanced faster for power intensive industry (34.3 percent vs 17.4 percent in April) and other manufacturing industries (2.6 percent vs 2.3 percent). Meantime, inflation was steady for food production (at 2.8 percent) and prices fell at a softer pace for marine products (-5.2 percent vs -6.7 percent). On a monthly basis, producer prices went up 1.1 percent, following a 1.5 percent gain in April.
2021-06-29
Iceland Producer Inflation Slows to 9-Month Low
Producer inflation in Iceland edged down to 4.1 percent in April 2021 from 4.9 percent in the prior month. It was the smallest rise in producer prices since July of 2020, as cost eased for other manufacturing industries (2.3 percent vs 4.6 percent in March); exported products (4.4 percent vs 5.2 percent) and marine products fell further (-6.7 percent vs -3.6 percent). Meantime, prices rose for food production (2.8 percent vs 2.2 percent); power intensive industry (17.4 percent vs 15.3 percent) and cost rebounded for products sold domestically (0.7 percent vs -0.1 percent). On a monthly basis, producer prices went up by 1.5 percent, followed by a 1 percent increase in March.
2021-05-27

Iceland Last Unit Reference Previous Highest Lowest
Inflation Rate 4.40 percent Sep/21 4.30 25.20 -0.06
Consumer Price Index CPI 508.20 points Sep/21 505.80 508.20 4.00
Core Inflation Rate 4.20 percent Sep/21 4.30 18.16 1.09
Core Consumer Prices 285.20 points Sep/21 284.00 285.20 100.00
GDP Deflator 114.59 points Dec/20 110.77 114.59 1.77
Producer Prices 246.90 points Aug/21 242.40 246.90 99.80
CPI Transportation 167.09 points Sep/21 167.91 183.10 100.30
CPI Housing Utilities 505.30 points Sep/21 500.20 505.30 94.00
Inflation Rate Mom 0.50 percent Sep/21 0.50 10.40 -1.50
Producer Prices Change 11.40 percent Aug/21 11.10 68.50 -12.40
Food Inflation 1.50 percent Aug/21 1.70 31.18 -6.45