Iceland PPI Rise Sequentially For Fifth Straight Month

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Tuesday, Statistics Iceland announced that the producer price index rose on a monthly basis for the fifth straight month, up 3.3% in August after the 3.5% increase in the previous month. A year earlier, producer prices were up 1.9%.

Prices were up across the board, with power intensive industry products recording the largest increase, up 5.2% on-month. Prices of exported products were up 3.9%.

Year-on-year, producer prices increased 13.8% in August, faster than the 12.2% rise in the preceding month. Pipeline inflation accelerated for the second month in a row.

Tuesday, Statistics Iceland announced that the producer price index rose on a monthly basis for the fifth straight month, up 3.3% in August after the 3.5% increase in the previous month. A year earlier, producer prices were up 1.9%. (Market News Provided by RTTNews)