Iceland’s producer prices rose 12% year-on-year in April 2026, accelerating from 8.6% in March and reaching their highest level since September 2022. The increase was driven primarily by higher prices for metal products (up 16.9% vs 6.1% in March), exported products overall (15.8% vs 10.4%), and exported products excluding marine products (13.6% vs 4.6%).
By contrast, price growth slowed in several key categories: marine products (19.9% vs 21.1%), food production (6.1% vs 7.4%), and products sold on the domestic market (3.9% vs 4.7%).
On a monthly basis, producer prices increased 2.3% in April, following a 1.9% rise in March, marking the strongest monthly gain since November 2025.
