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.


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Iceland Producer Prices Change

Actual Previous Highest Lowest Dates Unit Frequency
-1.00 -3.30 68.50 -12.40 2007 - 2019 percent Monthly


Calendar GMT Actual Previous Consensus TEForecast
2019-10-29 09:00 AM Sep 4.5% 6.6% 7.1%
2019-11-28 09:00 AM Oct 1.1% 4.5% 1%
2019-12-20 09:00 AM Nov -3.3% 1.1%
2020-01-24 09:00 AM Dec -1.0% -3.3% -2%
2020-02-25 09:00 AM Jan -1.0% -0.1%
2020-03-24 09:00 AM Feb
2020-04-28 09:00 AM Mar 5.5%
2020-05-28 09:00 AM Apr


News Stream
Iceland Producer Prices Fall for 2nd Month
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.
2020-01-24
Iceland Producer Prices Fall For 1st Time Since 2017
Iceland's producer prices decreased by 3.3 percent year-on-year in November of 2019, after a 1.1 percent rise the previous month. It was the first drop in producer prices since September of 2017, as power intensive industry cost fell further (-15.9 percent vs -8.7 percent in October). In addition, cost slowed for food (1.7 percent vs 2.1 percent); marine products (6.6 percent vs 12.3 percent) and other manufacturing industries (1.7 percent vs 2.1 percent). On a monthly basis, producer prices dropped 1.1 percent, after decreasing 0.1 percent increase in the previous month.
2019-12-20
Iceland Producer Inflation at Over 1-Year Low
Producer prices in Iceland rose 1.1 percent year-on-year in October of 2019, easing from a 4.5 percent gain in the previous month. It was the lowest producer inflation since April of 2018, as power intensive industry cost fell further (-8.7 percent vs -4.4 percent in September) while prices slowed for marine products (12.3 percent vs 16.8 percent); food production (2.1 percent vs 2.8 percent) and for other manufacturing industries (4.5 percent vs 7.6 percent). On a monthly basis, producer prices dropped 0.1 percent, after decreasing 0.4 percent increase in the previous month.
2019-11-28
Iceland Producer Inflation Slows to 17-Month Low
Producer prices in Iceland rose 4.5 percent year-on-year in September of 2019, easing from a 6.6 percent gain in the previous month. It was the lowest producer inflation since April of 2018, as power intensive industry cost fell further (-4.4 percent vs -1.7 percent in August) while prices slowed for marine products (16.8 percent vs 19.6 percent); food production (2.8 percent vs 4.0 percent) and for other manufacturing industries (7.6 percent vs 8.5 percent). On a monthly basis, producer prices dropped 0.4 percent, after decreasing 0.3 percent increase in the previous month.
2019-10-29