Iceland’s producer prices advanced by 9.5% year-on-year in February 2025, following a 9.1% increase in the previous month.
This marked the eleventh consecutive month of rising producer prices and the strongest in the sequence, as costs accelerated for marine products (10.1% vs 7.8% in January), products sold domestically (3.4% vs 2.6%), and exported products (12.2% vs 11.8%).
Additionally, price growth remained unchanged for metal industrial (at 18.9%), food production (at 4.5%), and other manufacturing industries (at 0.9%).
Meanwhile, producer inflation slowed for exported products excluding marine products (13.3% vs 14.2%).
On a monthly basis, producer prices rose by 0.8% in February, easing from a 1.5% gain in the preceding period.