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Iceland Producer Price Inflation At 12-Month Low

Iceland's producer price inflation slowed for the sixth consecutive month to a twelve-month low in February, data from Statistics Iceland showed Thursday.

Producer prices increased 4.9 percent annually in February, slower than the 5.7 percent rise in January. The latest figure was the lowest since February 2011 when prices advanced 2.7 percent.

Month-on-month, output prices rose 1.9 percent, following a 1.1 percent increase in January. The latest increase was the biggest since February 2011, when prices advanced 2.7 percent.

Prices of goods sold in the domestic market rose 8.4 percent annually, while prices of goods sold in the overseas market rose 3.9 percent in February. Month-on-month, prices of goods sold in the domestic market edged up 0.3 percent and export market prices advanced 2.4 percent.

by RTT Staff Writer

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