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.