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.