Producer inflation in Iceland eased to 6.3 percent in February 2021 from 6.9 percent in the prior month, as prices grew at a slower pace in the power intensive industry (14.0 percent vs 17.2 percent in January) and for exported products (6.7 percent vs 8.7 percent). Additionally, costs jumped in other manufacturing industries (6.8 percent vs 4.4 percent), products sold domestically (5.1 percent vs 3.2 percent) and for food production (3.7 percent vs 3.4 percent). The only cost decrease was recorded for marine products (-0.4 percent vs 0.1 percent). On a monthly basis, producer prices dropped by 0.5 percent after a 1.8 percent increase in January. source: Statistics Iceland
Producer Prices Change in Iceland averaged 5.29 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 April of 2021.
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 3.00 in 12 months time. In the long-term, the Iceland Producer Prices Change is projected to trend around 3.00 percent in 2022 and 4.00 percent in 2023, according to our econometric models.