FX.co ★ Iceland Producer Inflation at 7-Month High

In November 2025, Iceland witnessed a year-on-year uptick in producer prices by 3.8%, picking up speed from a 3% rise seen in October. This represents the highest increase since April, primarily fueled by heightened costs of marine products, which surged to 17.8% from October's 14.3%, as well as for exported products, where prices rose to 2.8% compared to 1.5% previously. Furthermore, the decline in prices within the metal industry has slowed, achieving a smaller drop of 2.8% compared to the 4.4% decrease recorded earlier. Similarly, for exported products excluding marine items, the contraction eased slightly to 4.9% from 5.3%. Conversely, inflation for food production saw a deceleration, easing to 8.2% from 8.8%, and domestic product pricing also softened to 6% from the prior 6.3%. However, manufacturing industries experienced a deeper price decline, with a decrease of 3.6%, extending from a 2.5% fall. On a monthly scale, November saw producer prices rise by 3.7%, marking the steepest increase since March 2022, up from a 1.2% increase in the previous month.