Producer prices in Iceland advanced 21 percent year-on-year in November of 2021 from 17.3 percent increase in the previous month. It was the highest reading since May of 2010, as inflation quickened for the metal industry (62.9 percent vs 54.5 percent in October), exported products (28.4 percent vs 24.4 percent), food production (2.8 percent vs 2.5 percent), domestically sold products (5.5 percent vs 2.8 percent), and other manufacturing industries (5.2 percent vs 0.2 percent). On a monthly basis, producer prices rose 3.4 percent following a 4.3 percent advance in October. source: Statistics Iceland
Producer Prices Change in Iceland averaged 5.61 percent from 2007 until 2021, 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 January of 2022.
Producer Prices Change in Iceland is expected to be 17.80 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 8.00 percent in 2022 and 6.00 percent in 2023, according to our econometric models.