冰岛10年期国债 (Iceland10Y) 加自选

冰岛的年通货膨胀率从上个月的四年低点3.8%上升到2025年6月的4.2%。上升压力主要来自食品和非酒精饮料（5月份为6%对5.9%）、交通（2%对0.9%）、酒精饮料和烟草（5.8%对5.5%）、通信（2.7%对1.7%）、娱乐和文化（3.3%对2.9%）以及杂项商品和服务（4.1%对4%）。此外，服装和鞋类的成本反弹（1.4%对-0.6%），而家具和家用设备的通货紧缩有所缓解（-0.3%对-0.8%）。与此同时，住房和公用事业（7.2%）以及医疗（3.1%）的价格保持稳定。按月度计算，2025年6月消费者价格指数从前一个月0.2%的四个月低点上涨0.8%。

The annual inflation rate in Iceland rose to 4.2% in June 2025, from a four-year low of 3.8% in the previous month. Upward pressure mainly came from food and non-alcoholic beverages (6% vs 5.9% in May), transport (2% vs 0.9%), alcoholic beverages and tobacco (5.8% vs 5.5%), communications (2.7% vs 1.7%), recreation and culture (3.3% vs 2.9%), and miscellaneous goods and services (4.1% vs 4%). In addition, costs rebounded for clothing and footwear (1.4% vs -0.6%), while deflation eased for furnishings and household equipment (-0.3% vs -0.8%). Meanwhile, prices were stable for housing and utilities (7.2%) and health (3.1%). On a monthly basis, consumer prices rose 0.8% in June 2025, from a four-month low of 0.2% in the previous month.

冰岛经季节性调整的失业率从前一个月的3.3%降至2025年5月的3.1%，为2024年11月以来的最低水平。下降趋势主要是由于失业人数环比减少400人，至7300人。其中，4000人为失业男性，3300人为女性。衡量16-24岁求职者的青年失业率从4月份的6.9%降至4.7%。与此同时，5月份的就业人数减少了3700人，降至228900人。劳动力参与率从上月的81.4%小幅降至5月份的81.1%。

Iceland’s seasonally adjusted unemployment rate eased to 3.1% in May 2025 from 3.3% in the previous month, marking the lowest reading since November 2024. The downward trend was mainly due to the decrease in the number of unemployed individuals by 400 month-on-month to 7,300. Of these, 4,000 were unemployed men and 3,300 were women. The youth unemployment rate, which measures job seekers between 16-24 years old, fell to 4.7% from 6.9% in April. Meanwhile, employment decreased by 3,700 to 228,900 in May. The labor force participation rate edged down to 81.1% in May from 81.4% in the previous month.

2025年5月，冰岛生产者价格指数同比上涨0.3%，较上月5.4%的涨幅大幅放缓。这标志着生产者价格指数连续第14个月上涨，但也是该序列中最疲软的一个月，因为金属行业的成本下降（-9.8%对4月份的9.6%），出口产品（不包括海产品）下降（-9.5%对2.6%），以及出口产品下降（-2%对5.6%）。另一方面，海产品（12.1%对10.7%）、食品生产（7.6%对6.2%）和国内销售产品（5.4%对4.6%）的生产者通胀增长更快。此外，其他制造业的价格下降速度较慢（-4%对-5.1%）。5月份生产者价格指数环比下跌2.3%，为2023年4月以来的最大跌幅，此前一段时间下跌了0.8%。

Iceland’s producer prices rose by 0.3% year-on-year in May 2025, slowing sharply from a 5.4% advance in the previous month. This marked the fourteenth consecutive month of rising producer prices but the softest in the sequence, as costs declined in the metal industry (-9.8% vs 9.6% in April), exported products, excluding marine products (-9.5% vs 2.6%), and exported products (-2% vs 5.6%). On the other hand, producer inflation increased faster for marine products (12.1% vs 10.7%), food production (7.6% vs 6.2%), and products sold domestically (5.4% vs 4.6%). Moreover, prices decreased at a slower pace for other manufacturing industries (-4% vs -5.1%). On a monthly basis, producer prices dropped by 2.3% in May, the sharpest since April 2023, following a 0.8% fall in the preceding period.

冰岛的贸易逆差从去年同期的209亿冰岛克朗大幅扩大到2025年5月的634亿冰岛克朗，达到历史最高水平。进口同比大幅增长30%，达到1432亿冰岛克朗，主要原因是资本货物（+121%）和运输设备（48%）的采购激增，资本货物的采购激增是由于在该国经营数据中心的公司大规模进口计算机产品造成的。相反，燃料和润滑油（-14%）以及食品和饮料（-10%）的采购量下降。与此同时，由于农产品（-20%）、海产品（-17%）、养殖鱼类（-14%）和制造业产品（-6%）供应减少，出口额同比下降10%，至798亿冰岛克朗。在过去的一年里，冰岛的贸易逆差从上一时期的3818亿冰岛克朗增加到4795亿冰岛克朗。

Iceland’s trade deficit expanded significantly to ISK 63.4 billion in May 2025 from ISK 20.9 billion in the same month last year, reaching a historic high. Imports rose sharply by 30% year-on-year to ISK 143.2 billion, driven by a surge in purchases of capital goods (+121%)—due to the large-scale imports of computer products by companies that run data centres in the country—and transport equipment (48%). Conversely, purchases declined in fuels and lubricants (-14%) and food and beverages (-10%). Meanwhile, exports declined by 10% from a year earlier to ISK 79.8 billion, driven by lower supplies of agricultural products (-20%), marine products (-17%), farmed fish (-14%), and manufacturing products (-6%). For the last twelve months, Iceland's trade deficit increased to ISK 479.5 billion from ISK 381.8 billion in the previous period.