Producer prices in Iceland were up 11.1 percent year-on-year in July of 2021, easing from a 12.2 percent rise in June which was the highest producer inflation since May 2015. Costs slowed for power intensive industries (41.0 percent vs 45.8 percent), food production (1.4 percent vs 1.5 percent), other manufacturing industries (1.2 percent vs 1.7 percent), exported products (15.5 percent vs 17.3 percent), and inflation remained flat for products sold domestically (at 2.4 percent). Meanwhile, deflation eased for prices of marine products (-3.1 percent vs -3.4 percent). On a monthly basis, producer prices increased 2.3 percent, following a 0.8 percent gain in the prior month. source: Statistics Iceland
Producer Prices Change in Iceland averaged 5.37 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 September of 2021.
Producer Prices Change in Iceland is expected to be 7.80 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 3.00 percent in 2022 and 4.00 percent in 2023, according to our econometric models.