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Iceland Producer Price Inflation Eases In December

Iceland's producer price inflation eased in December after a rise in November, figures from Statistics Iceland showed on Wednesday.

The producer price index climbed 9.5 percent year-over-year in December after a rise of 11.7 percent in November. In October, inflation was 8.4 percent.

Domestic market producer prices rose 5.2 percent annually in December and prices in the foreign market surged by 11.9 percent.

Prices of marine products grew by 13.4 percent and those of power intensive industry products rose by 10.9 percent.

Month-on-month, producer prices decreased 1.6 percent in December after a 3.4 percent rise in November.

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