Iceland’s producer prices rose by 3.8% year-on-year in November 2025, accelerating from a 3% increase in the previous month.
This marked the highest reading since April, driven by higher costs of marine products (17.8% vs 14.3% in October) and exported products (2.8% vs 1.5%).
Additionally, prices declined at a slower pace in the metal industry (-2.8% vs -4.4%) and exported products excluding marine products (-4.9% vs -5.3%).
On the other hand, producer inflation moderated for food production (8.2% vs 8.8%) and products sold domestically (6% vs 6.3%), while prices decreased further for other manufacturing industries (-3.6% vs -2.5%).
On a monthly basis, producer prices climbed by 3.7% in November, the sharpest since March 2022, following a 1.2% gain in the preceding period.