Iceland Producer Inflation Slows to 4.6%

2026-02-24 09:17 By Kyrie Dichosa 1 min. read

Iceland’s producer price rose 4.6% year-on-year in January 2026, slowing from 5.9% in December.

Price growth for marine products eased to 19.8% from 21.8% in December, while exported products saw a slower rise of 4.4% compared with 6.0%.

Deflation persisted for exported products excluding marine products, which fell further to -3.6% from -2.2%, and for products sold domestically, which eased to -5.0% from -5.5%.

Food production costs continued to rise but at a more moderate pace of 7.3% from 7.7%.

The metal industry moved slightly into positive territory at 0.2%, after a decline of 1.6% in the prior month, while growth in other manufacturing industries softened to 7.3% from 7.7%.

On a monthly basis, producer prices increased by just 0.2% in January, the smallest gain since late July, sharply easing from a 1.4% rise in December.



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Iceland Producer Inflation Slows to 4.6%
Iceland’s producer price rose 4.6% year-on-year in January 2026, slowing from 5.9% in December. Price growth for marine products eased to 19.8% from 21.8% in December, while exported products saw a slower rise of 4.4% compared with 6.0%. Deflation persisted for exported products excluding marine products, which fell further to -3.6% from -2.2%, and for products sold domestically, which eased to -5.0% from -5.5%. Food production costs continued to rise but at a more moderate pace of 7.3% from 7.7%. The metal industry moved slightly into positive territory at 0.2%, after a decline of 1.6% in the prior month, while growth in other manufacturing industries softened to 7.3% from 7.7%. On a monthly basis, producer prices increased by just 0.2% in January, the smallest gain since late July, sharply easing from a 1.4% rise in December.
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Iceland Producer Inflation Hits 9-Month High
Iceland’s producer price climbed by 5.9% year-on-year in December 2025, accelerating from a 3.8% increase in the previous month. This marked the highest reading since March, driven by a sharp increase in marine products (21.8% vs 17.8% in November), and exported products (6% vs 2.8%). At the same time, deflation eased in the metal industry (-1.6% vs -2.8%), other manufacturing industries (-0.7% vs -3.6%), and exported products excluding marine products (-2.2% vs -4.9%). On the other hand, inflation moderated for products sold domestically (5.5% vs 6%), and food production (7.7% vs 8.2%). On a monthly basis, producer prices increased by 1.4%, slowing from 3.7% in November.
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Iceland’s producer prices rose by 3.8% year-on-year in November 2025, accelerating from a 3% increase in the previous month. This marked the highest reading since April, driven by higher costs of marine products (17.8% vs 14.3% in October) and exported products (2.8% vs 1.5%). Additionally, prices declined at a slower pace in the metal industry (-2.8% vs -4.4%) and exported products excluding marine products (-4.9% vs -5.3%). On the other hand, producer inflation moderated for food production (8.2% vs 8.8%) and products sold domestically (6% vs 6.3%), while prices decreased further for other manufacturing industries (-3.6% vs -2.5%). On a monthly basis, producer prices climbed by 3.7% in November, the sharpest since March 2022, following a 1.2% gain in the preceding period.
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