Iceland Producer Inflation Hits 4-Year High

2026-07-23 09:19 By Mariene Camarillo 1 min. read

Iceland’s producer prices surged by 19.4% year-on-year in June 2026 from a three-year high of 16.8% in the previous month.

The latest reading marked the highest level since June 2022, driven by a sharper increase in prices for marine products, which rose 21.9% from 19.6%, and metal products, which accelerated to 45.3% from 38.1% in May.

Moreover, inflation in other manufacturing industries increased to 4.1% from 2.5%.

Exported products excluding marine products recorded a notable increase of 32.0% from 25.8%, while overall export product inflation also accelerated to 27.9% from 23.2%.

On the other hand, producer inflation eased for other components, including food products, which slowed to 3.9% from 5.5%, and products sold domestically, which moderated to 2.3% from 3.6% a month earlier.

On a monthly basis, producer prices rose 1.6% in June, easing from a 2.0% increase in the previous month.



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Iceland Producer Inflation Hits 4-Year High
Iceland’s producer prices surged by 19.4% year-on-year in June 2026 from a three-year high of 16.8% in the previous month. The latest reading marked the highest level since June 2022, driven by a sharper increase in prices for marine products, which rose 21.9% from 19.6%, and metal products, which accelerated to 45.3% from 38.1% in May. Moreover, inflation in other manufacturing industries increased to 4.1% from 2.5%. Exported products excluding marine products recorded a notable increase of 32.0% from 25.8%, while overall export product inflation also accelerated to 27.9% from 23.2%. On the other hand, producer inflation eased for other components, including food products, which slowed to 3.9% from 5.5%, and products sold domestically, which moderated to 2.3% from 3.6% a month earlier. On a monthly basis, producer prices rose 1.6% in June, easing from a 2.0% increase in the previous month.
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