Producer inflation in Iceland decreased to 4.9 percent in March 2021 from 6.3 percent in the prior month. It was the smallest rise in producer prices since August of 2020, as cost eased for food production (2.2 percent vs 3.7 percent); other manufacturing industries (4.6 percent vs 6.8 percent) and products sold domestically (4.0 percent vs 5.1 percent). In addition, prices fell for exported products (-1.5 percent vs 1.5 percent in February) and for marine products (-0.4 percent vs -3.6 percent). On the other hand, power intensive industry cost jumped 15.3 percent, accelerating from a 14 percent rise. On a monthly basis, producer prices went up by 1 percent, rebounding from a 0.5 percent fall in February. source: Statistics Iceland

Producer Prices Change in Iceland averaged 5.29 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 May of 2021.

Producer Prices Change in Iceland is expected to be 2.80 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 3.00 in 12 months time. In the long-term, the Iceland Producer Prices Change is projected to trend around 3.00 percent in 2022 and 4.00 percent in 2023, according to our econometric models.

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Iceland Producer Prices Change

Actual Previous Highest Lowest Dates Unit Frequency
4.90 6.30 68.50 -12.40 2007 - 2021 percent Monthly


Calendar GMT Actual Previous Consensus TEForecast
2021-01-26 09:00 AM Dec 6.3% 9.1%
2021-02-25 09:00 AM Jan 6.9% 6.3%
2021-03-25 09:00 AM Feb 6.3% 6.9% 7.1%
2021-04-29 09:00 AM Mar 4.9% 6.3%
2021-05-27 09:00 AM Apr 4.9%
2021-06-29 09:00 AM May
2021-07-23 09:00 AM Jun
2021-08-30 09:00 AM Jul


News Stream
Iceland Producer Inflation Slows to 7-Month Low
Producer inflation in Iceland decreased to 4.9 percent in March 2021 from 6.3 percent in the prior month. It was the smallest rise in producer prices since August of 2020, as cost eased for food production (2.2 percent vs 3.7 percent); other manufacturing industries (4.6 percent vs 6.8 percent) and products sold domestically (4.0 percent vs 5.1 percent). In addition, prices fell for exported products (-1.5 percent vs 1.5 percent in February) and for marine products (-0.4 percent vs -3.6 percent). On the other hand, power intensive industry cost jumped 15.3 percent, accelerating from a 14 percent rise. On a monthly basis, producer prices went up by 1 percent, rebounding from a 0.5 percent fall in February.
2021-04-29
Iceland Producer Inflation Slows to 7-Month Low
Producer inflation in Iceland decreased to 4.9 percent in March 2021 from 6.3 percent in the prior month. It was the smallest rise in producer prices since August of 2020, as cost eased for food production (2.2 percent vs 3.7 percent); other manufacturing industries (4.6 percent vs 6.8 percent) and products sold domestically (4.0 percent vs 5.1 percent). In addition, prices fell for exported products (-1.5 percent vs 1.5 percent in February) and for marine products (-0.4 percent vs -3.6 percent). On the other hand, power intensive industry cost jumped 15.3 percent, accelerating from a 14 percent rise. On a monthly basis, producer prices went up by 1 percent, rebounding from a 0.5 percent fall in February.
2021-04-29
Iceland Producer Inflation Eases in February
Producer inflation in Iceland eased to 6.3 percent in February 2021 from 6.9 percent in the prior month, as prices grew at a slower pace in the power intensive industry (14.0 percent vs 17.2 percent in January) and for exported products (6.7 percent vs 8.7 percent). Additionally, costs jumped in other manufacturing industries (6.8 percent vs 4.4 percent), products sold domestically (5.1 percent vs 3.2 percent) and for food production (3.7 percent vs 3.4 percent). The only cost decrease was recorded for marine products (-0.4 percent vs 0.1 percent). On a monthly basis, producer prices dropped by 0.5 percent after a 1.8 percent increase in January.
2021-03-25
Iceland Producer Prices Rise 6.9% in January
Producer inflation in Iceland increased to 6.9 percent in January 2021 from 6.3 percent in the prior month, as prices went up at a faster rate in the power intensive industry (17.2 percent vs 12.5 percent in December), for exported products (8.7 percent vs 7.5 percent), and in other manufacturing industries (4.4 percent vs 4.2 percent). On the other hand, prices eased further for marine products (0.1 percent vs 2.4 percent), in food production (3.4 percent vs 4.0 percent), and products sold domestically (3.2 percent vs 3.8 percent). On a monthly basis, producer prices rebounded 1.8 percent after a 1.8 percent drop in December.
2021-02-25