Iceland’s producer prices rose by 3.0% year-on-year in October 2025, slowing from a five-month high of 3.1% in the previous month.
This marked the third consecutive month of rising producer prices albeit at a slower pace, as prices moderated for food production (8.8% vs 10.4% in September), and products sold domestically (6.3% vs 7.2%).
Additionally, costs declined further in the metal industry (-4.4% vs -2.3%) and exported products excluding marine products (-5.3% vs -4.9%).
On the other hand, producer inflation increased at a faster pace for marine products (14.3% vs 13%) and exported products (1.5% vs 1.3%).
Moreover, prices decreased at a slower pace for other manufacturing industries (-2.5% vs -4.2%).
On a monthly basis, producer prices increased by 1.2% in October, following a 0.9% rise in the preceding period.