NEWS RELEASE PRICES 22 DECEMBER 2016

The producer price index (PPI) decreased by 0.9% between October and November 2016. Prices of marine products decreased by 2.6% and had the most downward effect on the index. However, prices for power intensive industry products increased by 2.3%. 

Compared with November 2015, the PPI has decreased by 7.0%. Thereof prices of marine products have decreased by 10.4% and power intensive industry products by 8.1%. When taken into consideration if the products are exported or sold domestically, exported products have decreased in price by 8.9% over one year but products sold domestically by 2.4%.

Changes, effects on the index and index level for subgroups are shown in the table below.

Producer Price Index in November 2016
    Monthly changes  
  Index   Effect on Annual
  4. quarter 2005 = 100  %  index % changes %
         
Producer Price Index (PPI) 190.1 -0.9 -0.9 -7.0
By industries:        
Marine products 238.3 -2.6 -0.8 -10.4
Power intensive industry products 170.1 2.3 0.7 -8.1
Food production 176.2 -0.4 -0.1 2.4
Other manufacturing industry 166.2 -3.4 -0.7 -7.1
         
By markets:        
Domestic sales 175.5 -1.3 -0.4 -2.4
Exported products 198.8 -0.7 -0.5 -8.9

Statistics

Further Information

For further information please contact 528 1200 , email framleidsluverd@hagstofa.is

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