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.