FX.co ★ Iceland Producer Inflation Rises to 5-Month High

In September 2025, Iceland experienced a 3.1% increase in producer prices compared to the same month the previous year, building on a 1.4% rise in August. This surge, the highest since May, was primarily fueled by escalating costs in marine products, which rose by 13% from 12.4% in August, food production which saw an increase to 10.4% from 9.1%, and domestically sold products which climbed to 7.2% from 6.7% the prior month. Additionally, there was a recovery in costs for exported goods, registering a 1.3% increase compared to a previous decline of 0.8%. The decline in prices within the metal industry slowed to -2.3% from -7.1%, and for exported products excluding marine products, the decrease moderated to -4.9% from -7.8%. From a monthly perspective, producer prices inched up by 0.9% in September, following a 1% increase in August.