23.01.202609:30:58UTC+00Iceland Producer Inflation Hits 9-Month High

In December 2025, Iceland experienced a 5.9% year-on-year rise in its producer prices, marking an acceleration from the previous month's 3.8% increase. This represents the most significant growth since March, primarily propelled by a noticeable surge in marine products, which climbed 21.8% from 17.8% in November, and a rise in exported products, which increased by 6% compared to 2.8% previously. Concurrently, deflation pressures eased across several sectors, including the metal industry, improving from -2.8% to -1.6%, other manufacturing industries, from -3.6% to -0.7%, and in exported products excluding marine products, from -4.9% to -2.2%. Conversely, inflation saw a slight reduction for domestically sold products, falling to 5.5% from 6%, and food production, which decreased to 7.7% from 8.2%. On a monthly basis, producer prices rose by 1.4%, a slowdown from the 3.7% increase recorded in November.