Producer inflation in Iceland edged down to 4.1 percent in April 2021 from 4.9 percent in the prior month. It was the smallest rise in producer prices since July of 2020, as cost eased for other manufacturing industries (2.3 percent vs 4.6 percent in March); exported products (4.4 percent vs 5.2 percent) and marine products fell further (-6.7 percent vs -3.6 percent). Meantime, prices rose for food production (2.8 percent vs 2.2 percent); power intensive industry (17.4 percent vs 15.3 percent) and cost rebounded for products sold domestically (0.7 percent vs -0.1 percent). On a monthly basis, producer prices went up by 1.5 percent, followed by a 1 percent increase in March. source: Statistics Iceland
Producer Prices Change in Iceland averaged 5.28 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 June of 2021.
Producer Prices Change in Iceland is expected to be 2.80 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 3.00 in 12 months time. 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.