Iceland’s producer prices fell by 0.6% year-on-year in July 2025, easing from a 1.5% decline in the previous month. This was mainly driven by a slower decline in the metal industry (-10.7% vs -13.4% in June), exported products (-3.6% vs -4.7%), and exported products excluding marine products (-10.8% vs -12.7%). At the same time, costs grew for food production (9.2% vs 8.7%) and products sold domestically (6.5% vs 6.2%). Meanwhile, prices rose at a softer pace for marine products (10.0% vs 10.3%), while costs for other manufacturing industries remained unchanged at -4.7%. On a monthly basis, producer prices grew by 0.1% in July, reversing a 0.6% drop in the preceding period.