Producer prices in Iceland surged 17.3 percent year-on-year in October of 2021 from 13.2 percent rise in the previous month. It was the highest reading since May of 2010, as inflation quickened for the metal industry (54.5 percent vs 42.9 percent in September); exported products (24.4 percent vs 18 percent); and marine products (5 percent vs 0.9 percent). Meanwhile, producer prices rose at a softer pace for food production (2.5 percent vs 2.6 percent); domestically sold products (2.8 percent vs 3.3 percent); and other manufacturing industries (0.2 percent vs 1.5 percent). On a monthly basis, producer prices rose 4.3 percent from a 3.7 percent advance in September. source: Statistics Iceland

Producer Prices Change in Iceland averaged 5.52 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 November of 2021.

Producer Prices Change in Iceland is expected to be 17.80 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 8.00 percent in 2022 and 6.00 percent in 2023, according to our econometric models.

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Iceland Producer Prices Change


Calendar GMT Actual Previous Consensus TEForecast
2021-10-27 09:00 AM Sep 13.2% 11.4% 11.3%
2021-11-25 09:00 AM Oct 17.3% 13.2% 16.8%
2021-12-21 09:00 AM Nov 17.3%


Related Last Previous Unit Reference
Inflation Rate 4.80 4.50 percent Nov/21
Consumer Price Index CPI 513.00 511.20 points Nov/21
Core Consumer Prices 287.40 286.60 points Nov/21
Core Inflation Rate 4.20 4.30 percent Sep/21
GDP Deflator 114.59 110.77 points Dec/20
Producer Prices 266.90 256.00 points Oct/21
Inflation Rate Mom 0.40 0.60 percent Nov/21
Food Inflation 1.70 1.30 percent Nov/21
CPI Transportation 168.99 167.99 points Nov/21
CPI Housing Utilities 513.40 509.80 points Nov/21
Producer Prices Change 17.30 13.20 percent Oct/21

News Stream
Iceland Producer Inflation Highest Since 2010
Producer prices in Iceland surged 17.3 percent year-on-year in October of 2021 from 13.2 percent rise in the previous month. It was the highest reading since May of 2010, as inflation quickened for the metal industry (54.5 percent vs 42.9 percent in September); exported products (24.4 percent vs 18 percent); and marine products (5 percent vs 0.9 percent). Meanwhile, producer prices rose at a softer pace for food production (2.5 percent vs 2.6 percent); domestically sold products (2.8 percent vs 3.3 percent); and other manufacturing industries (0.2 percent vs 1.5 percent). On a monthly basis, producer prices rose 4.3 percent from a 3.7 percent advance in September.
2021-11-25
Iceland Producer Inflation at Over 6-Year High
Producer prices in Iceland rose 13.2 percent year-on-year in September of 2021 from an 11.4 percent increase in the previous month. It was the highest reading since April of 2015, as prices accelerated for the metal industry (42.9 percent vs 42.1 percent in August), food production (2.6 percent vs 1.1 percent), and other goods within the manufacturing industry (1.2 percent vs 0.5 percent), while costs rebounded for marine products (0.9 percent vs -2.9 percent). At the same time inflation edged up for both exported products (18 percent vs 15.7 percent) and domestically sold products (3.3 percent 2.6 percent). On a monthly basis, producer prices edged up 3.7 percent from a 1.2 percent increase in July.
2021-10-27
Iceland Producer Inflation Picks Up in August
Producer prices in Iceland rose 11.4 percent year-on-year in August of 2021, from an 11.1 percent increase in the previous month. Cost advanced faster for metal industry (42.1 percent vs 41 percent in July), and exported products (15.7 percent vs 15.5 percent). Meantime, inflation decelerated for foods (1.1 percent vs 1.4 percent), and other manufacturing industries (1 percent vs 1.2 percent), while prices fell at a softer pace for marine products (-2.9 percent vs -3.1 percent). On a monthly basis, producer prices went up 1.9 percent, following a 2.3 percent gain in July.
2021-09-28