Producer prices in Iceland climbed 8.2 percent year-on-year in March of 2019, up from a 5.6 percent rise in the preceding month. It is the highest producer inflation since December, as prices advanced faster in all categories, namely marine products (15.4 percent vs 12.8 percent in February); power intensive industry (5.5 percent vs 1.5 percent); food products (4.2 percent vs 3.0 percent) and other manufacturing industries (7.4 percent vs 5.5 percent). On a monthly basis, producer prices increased 0.7 percent, after a 1.5 percent decline in February. Producer Prices Change in Iceland averaged 5.35 percent from 2007 until 2019, 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.
Producer Prices Change in Iceland is expected to be 5.30 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 2.50 in 12 months time. In the long-term, the Iceland Producer Prices Change is projected to trend around 4.00 percent in 2020, according to our econometric models.