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.