Producer prices in Iceland rose by 27.2% year-on-year in May of 2022, slowing from a 29.6% jump in the prior month, amid a slowdown in prices for the metal industry (56% vs 70.6% in April). Meanwhile, costs accelerated further for marine products (18.8% vs 16.4%), other manufacturing industries (13% vs 11.1%) and food (8.6% vs 7.5%). On a monthly basis, producer prices decreased by 0.7%, following a 3.5% rise in the previous month. source: Statistics Iceland

Producer Prices Change in Iceland averaged 6.18 percent from 2007 until 2022, 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 July of 2022.

Producer Prices Change in Iceland is expected to be 18.00 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 18.50 percent in 2023, according to our econometric models.

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Iceland Producer Prices Change



Calendar GMT Actual Previous Consensus TEForecast
2022-05-25 09:00 AM Apr 29.6% 27.1% 30.3%
2022-06-29 09:00 AM May 27.2% 29.6% 31.8%
2022-07-22 09:00 AM Jun 27.2%


Related Last Previous Unit Reference
Inflation Rate 8.80 7.60 percent Jun 2022
Consumer Price Index CPI 539.50 535.40 points May 2022
Core Inflation Rate 7.68 6.90 percent Jun 2022
Core Consumer Prices 304.10 300.90 points Jun 2022
GDP Deflator 121.25 114.60 points Dec 2021
Producer Prices 299.20 301.50 points May 2022
CPI Transportation 185.55 179.72 points Jun 2022
CPI Housing Utilities 564.10 552.70 points Jun 2022
Inflation Rate Mom 1.40 0.80 percent Jun 2022
Food Inflation 6.20 5.20 percent May 2022
Producer Prices Change 27.20 29.60 percent May 2022


News Stream
Iceland Producer Inflation Slows in June
Producer prices in Iceland rose by 27.2% year-on-year in May of 2022, slowing from a 29.6% jump in the prior month, amid a slowdown in prices for the metal industry (56% vs 70.6% in April). Meanwhile, costs accelerated further for marine products (18.8% vs 16.4%), other manufacturing industries (13% vs 11.1%) and food (8.6% vs 7.5%). On a monthly basis, producer prices decreased by 0.7%, following a 3.5% rise in the previous month.
2022-06-29
Iceland Producer Price Inflation at New 12-Year High
Producer prices in Iceland surged 29.6 percent year-on-year in April of 2022, following a 27.1 percent jump in the previous month. It was the highest reading since February of 2010, as prices rose faster for all industries, led by the metal industry (70.6 percent vs 65.4 percent); followed by the marine products industry (16.4 percent vs 16.1 percent); other manufacturing industries (11.1 percent vs 8.0 percent); and lastly, food production (7.5 percent vs 6.8 percent). On a monthly basis, producer prices went up 3.5 percent after a 13-year high rise of 6.2 percent in March.
2022-05-25
Iceland Producer Inflation Hits 12-Year High
Producer price inflation in Iceland surged to 27.1 percent year-on-year in March of 2022, from a 20.9 percent increase in the previous month. It was the highest reading since March of 2010, with prices accelerating in all sub-sectors amid surging commodity prices due to the war in Ukraine. Main increases were seen in the metal industry (65.4 percent vs 53.6 percent in February), food products (6.8 percent vs 5.9 percent), and marine products (16.1 percent vs 10.2 percent). On a monthly basis, producer prices surged 6.2 percent, the steepest rise since 2009.
2022-04-26