Iceland’s producer prices rose 8.6% year-on-year in March 2026, accelerating from 5.5% in February and reaching their highest level since February 2025. Cost pressures intensified across several key sectors, including marine products (up 21.1% vs 17.5% in February), the metal industry (6.1% vs 5.2%), and exported products overall (10.4% vs 5.8%). Prices for domestic products also inched higher (4.7% vs 4.6%), while inflation in food production held steady at 7.4%.
At the same time, costs rebounded in other manufacturing industries (up 1.1% after a 5% decline) and in exported products excluding marine goods (4.6% vs a 0.3% fall previously). On a monthly basis, producer prices increased 1.9% in March, following a 1.7% rise in the prior month, marking the strongest monthly gain since November 2025.
