Iceland's producer prices decreased by 1.0 percent year-on-year in December of 2019, following a 3.3 percent fall the previous month. It was the second consecutive decrease in producer prices although at a softer pace, as power intensive industry cost fell less (-9.9 percent vs -15.9 percent in November) while prices advanced faster for marine products (8.5 percent vs 6.6 percent) and food (1.9 percent vs 1.7 percent). On a monthly basis, producer prices rose 0.8 percent, rebounding from a 1.1 percent decline in the previous month.
Producer Prices Change in Iceland averaged 5.35 percent from 2007 until 2019, 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. source: Statistics Iceland
Producer Prices Change in Iceland is expected to be 5.50 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.