Producer prices in Iceland went up 4.4 percent year-on-year in August of 2020, the biggest rise in four months. Main increases were seen in cost of marine products (9.5 percent vs 6.8 percent in July), other manufacturing industries (5.5 percent vs 4.3 percent) and food production (3.5 percent vs 3.6 percent). Also, prices of power intensive industry declined less (-0.3 percent vs -3.3 percent). On a monthly basis, producer prices increased 1.6 percent.
Producer Prices Change in Iceland averaged 5.22 percent from 2007 until 2020, 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 2020. source: Statistics Iceland
Producer Prices Change in Iceland is expected to be 2.00 percent by the end of this quarter, according to Trading Economics global macro models and analysts expectations. Looking forward, we estimate Producer Prices Change in Iceland to stand at 4.50 in 12 months time. In the long-term, the Iceland Producer Prices Change is projected to trend around 4.50 percent in 2021 and 4.00 percent in 2022, according to our econometric models.