Producer prices in Iceland fell 7% year-on-year in April 2023, following a 1% drop in March and logging the second month of negative readings. Prices continued to decrease for the metal industry (-32.4% vs -21.8% in March) and exported products, excluding marine products (-28% vs -17.9%). At the same time, costs rose less for marine products (10% vs 10.4%), products sold domestically (10.7% vs 13.2%), other manufacturing industries (11.2% vs 15.4%), and food production (12.2% vs 13%). Monthly, producer prices fell by 2.7% in April, accelerating a 2.6% decline in the previous period. source: Statistics Iceland

Producer Prices Change in Iceland averaged 6.34 percent from 2007 until 2023, 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 June of 2023.

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.

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Iceland Producer Prices Change



Calendar GMT Actual Previous Consensus TEForecast
2023-04-25 09:00 AM Mar -1% 7.9% 4.0%
2023-05-25 09:00 AM Apr -7% -1% -3.3%
2023-06-26 09:00 AM May -7%


Related Last Previous Unit Reference
Inflation Rate 9.50 9.90 percent May 2023
Consumer Price Index CPI 590.60 588.30 points May 2023
Core Inflation Rate 9.41 9.67 percent May 2023
Core Consumer Prices 329.20 327.70 points May 2023
GDP Deflator 133.77 121.25 points Dec 2022
Producer Prices 280.50 288.40 points Apr 2023
Food Inflation 12.30 12.50 percent May 2023
CPI Transportation 191.45 193.94 points May 2023
CPI Housing Utilities 620.70 614.70 points May 2023
Inflation Rate MoM 0.40 1.30 percent May 2023
Producer Prices Change -7.00 -1.00 percent Apr 2023


News Stream
Iceland Producer Prices Fall 2nd Month
Producer prices in Iceland fell 7% year-on-year in April 2023, following a 1% drop in March and logging the second month of negative readings. Prices continued to decrease for the metal industry (-32.4% vs -21.8% in March) and exported products, excluding marine products (-28% vs -17.9%). At the same time, costs rose less for marine products (10% vs 10.4%), products sold domestically (10.7% vs 13.2%), other manufacturing industries (11.2% vs 15.4%), and food production (12.2% vs 13%). Monthly, producer prices fell by 2.7% in April, accelerating a 2.6% decline in the previous period.
2023-05-25
Iceland Producer Prices Fall for 1st Time in Over 2 Years
Producer prices in Iceland fell 1% year-on-year in March 2023, shifting from a 7.9% increase in the previous month. It was the first decline since June 2020, as prices continued to drop for metal industry (-21.8% vs -8.3% in February) and exported products excluding marine products (-17.9 vs -5.3%), while declined for exported products (-6.2% vs 5.6%). At the same time, costs rose less for marine products (10.4% vs 20.4%), products sold domestically (13.2% vs 13.6%), and other manufacturing industries (15.4% vs 17.1%). Meanwhile, prices increased for food production (13% vs 12.6%). On a monthly basis, producer prices declined 2.6% in March, from 0.8% rise in the previous month.
2023-04-25
Iceland Producer Inflation Slows in February
Producer price inflation in Iceland eased to 7.9% year-on-year in February 2023, from 9.4% in the previous month. Prices decreased further for metal industry (-8.3% vs -3.2% in January) and exported products excluding marine products (-5.3% vs -1.1%). Also, costs rose at softer rates for products sold domestically (13.6% vs 15.4%), exported products (5.6% vs 7%), food production (12.6% vs 13.7%) and other manufacturing industries (17.1% vs 17.9%). Meanwhile, prices accelerated for marine products (20.4% vs 17.6%). On a monthly basis, producer prices advanced 0.8%, slowing from a 1.7% gain in January.
2023-03-24