Producer prices in Iceland fell 1.2 percent year-on-year in June of 2020, following a 1.3 percent rise in May. It is the biggest decline in producer prices since November of 2019, due to an 11 percent plunge in cost of power intensive industry (vs -8.3 percent in May). Also, cost of marine products rose less (2.9 percent vs 9.3 percent) while food production became more expensive (3.6 percent vs 2.1 percent). On a monthly basis, producer prices went down 2 percent.

Producer Prices Change in Iceland averaged 5.24 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 August 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
-1.20 1.30 68.50 -12.40 2007 - 2020 percent Monthly


Calendar GMT Actual Previous Consensus TEForecast
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 -1.2% 1.3% 2%
2020-08-28 09:00 AM Jul -1.2%
2020-09-24 09:00 AM Aug
2020-10-27 09:00 AM Sep
2020-11-24 09:00 AM Oct


News Stream
Iceland Producer Prices Fall for 1st Time in 6 Months
Producer prices in Iceland fell 1.2 percent year-on-year in June of 2020, following a 1.3 percent rise in May. It is the biggest decline in producer prices since November of 2019, due to an 11 percent plunge in cost of power intensive industry (vs -8.3 percent in May). Also, cost of marine products rose less (2.9 percent vs 9.3 percent) while food production became more expensive (3.6 percent vs 2.1 percent). On a monthly basis, producer prices went down 2 percent.
2020-07-24
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