Iceland's producer prices rose 1.3 percent year-on-year in May of 2020, easing sharply from a 6.4 percent jump in the previous month. That was the lowest rate since January, as prices plunged for power-intensive industries (-8.3 percent vs 1.4 percent in April). Additionally, inflation slowed for marine products (9.3 percent vs 14.7 percent); food (2.1 percent vs 3 percent) and other manufactured products (6.7 percent vs 8 percent). On a monthly basis, producer prices declined 3.5 percent, the most since May of 2017, after increasing 2.3 percent in the previous month.

Producer Prices Change in Iceland averaged 5.28 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 July 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.

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Iceland Producer Prices Change

Actual Previous Highest Lowest Dates Unit Frequency
1.30 6.40 68.50 -12.40 2007 - 2020 percent Monthly


Calendar GMT Actual Previous Consensus TEForecast
2020-03-24 09:00 AM Feb 3.0% 1.3% 1.5%
2020-04-28 09:00 AM Mar 4.6% 3.0% 1.2%
2020-05-28 09:00 AM Apr 6.4% 4.6% 4.8%
2020-06-24 09:00 AM May 1.3% 6.4% 5.8%
2020-07-24 09:00 AM Jun 1.3% 2%
2020-08-28 09:00 AM Jul
2020-09-24 09:00 AM Aug
2020-10-27 09:00 AM Sep
Go to our Calendar for more events. Or learn more about the Calendar API for direct access.


News Stream
Iceland May Producer Inflation at 4-Month Low of 1.3%
Iceland's producer prices rose 1.3 percent year-on-year in May of 2020, easing sharply from a 6.4 percent jump in the previous month. That was the lowest rate since January, as prices plunged for power-intensive industries (-8.3 percent vs 1.4 percent in April). Additionally, inflation slowed for marine products (9.3 percent vs 14.7 percent); food (2.1 percent vs 3 percent) and other manufactured products (6.7 percent vs 8 percent). On a monthly basis, producer prices declined 3.5 percent, the most since May of 2017, after increasing 2.3 percent in the previous month.
2020-06-24
Iceland April Producer Inflation at 8-Month High
Iceland's producer prices soared to 6.4 percent year-on-year in April of 2020, following a 4.6 percent rise in the previous month. It was the highest producer inflation since last August, as prices continued to advance for marine products (14.7 percent vs 12.5 percent in March); other manufactured products (8 percent vs 6.2 percent) and food products (3 percent vs 2.2 percent). In addition, power-intensive costs rebounded (1.4 percent vs -0.7 percent). On a monthly basis, producer prices inched up 2.3 percent, after increasing 2.2 percent in the previous month.
2020-05-28
Iceland March Producer Inflation at 7-Month High of 4.6%
Iceland's producer prices climbed 4.6 percent year-on-year in March of 2020, following a 3 percent rise in the previous month. It was the highest producer inflation since last August, pushed up by prices of marine products (12.5 percent vs 9.5 percent in February); other manufacturing industries (6.2 percent vs 4.9 percent) and food products (2.2 percent, the same pace as in February). In addition, power-intensive costs fell at a softer pace (-0.7 percent vs -2.1 percent). On a monthly basis, producer prices inched up 2.2 percent, after increasing 0.1 percent in the prior month.
2020-04-28
Iceland February Producer Inflation at 5-Month High of 3%
Iceland's producer prices surged 3 percent year-on-year in February of 2020, up from a 1.3 percent increase in the prior month. This was the highest producer inflation since last September, amid rising prices of other manufacturing industries (4.9 percent vs 4.7 percent in January); marine products (9.5 percent vs 10 percent) and food products (2.2 percent vs 2.3 percent). Meantime, power-intensive industry costs fell less (-2.1 percent vs -7.1 percent). On a monthly basis, producer prices went up 0.1 percent, slowing sharply from a 1.2 percent rise in the preceding month.
2020-03-24