Iceland’s producer prices advanced by 9.1% year-on-year in January 2025, accelerating from a 7.1% rise in the previous month.
This marked the highest reading since January 2023, as prices increased at a faster pace for exported products (11.8% vs 8.8% in December), exported products excluding marine products (14.2% vs 10.6%), metal industry (18.9% vs 16.5%), and marine products (7.8% vs 5.7%).
At the same time, costs rebounded for other manufacturing industries (0.9% vs -1%).
Meanwhile, producer inflation slowed for products sold domestically (2.6% vs 2.7%) and remained unchanged for food production (at 4.5%).
On a monthly basis, producer prices rose by 1.5%, rebounding from a 0.6% fall in the preceding period.