NEWS RELEASE PRICES 29 MAY 2008

The producer price index (PPI) in April 2008 was 145.9 points (4. quarter 2005 = 100), 6.3% higher than in the previous month. The PPI for fish products was 162.0 points which is 3.2% higher than in March (effect on the index 1.1%) and the PPI for power intensive industry products was 187.9 points, 11.7% higher (2.7%). The PPI for food products was 6.3% higher than in March (1.0%), mainly because of a rise in dairy prices. The PPI for other manufactured products increased 5.6% (1.5%).

The PPI for domestically sold products was 6.7% higher than in the previous month
(2.4%) while the index for exported products increased 6.1% (3.9%).

From April 2007, the PPI has increased 20.3%, the PPI for fish products has increased 28.3% and the PPI for power intensive industry products has risen 27.8%. The PPI for food products rose 12.1% in the same period.

Monthly changes (%)
Marine Power intensive Food  Domestic Exported
  PPI products industry products production sales products
2007
April -0.5 0.4 -3.6 0.1 0.1 -0.9
May -2.4 -4.2 -1.2 0.0 -0.5 -3.5
June -0.1 -1.0 -1.3 -0.1 0.8 -0.7
July -2.3 0.0 -6.5 0.1 -1.1 -3.0
August 4.8 5.7 9.1 -0.1 0.7 7.3
September -1.8 0.8 -8.3 0.9 0.0 -2.8
October -2.5 -1.9 -7.8 0.6 -0.1 -4.0
November 1.0 2.7 2.3 1.0 -1.1 2.3
December 2.2 2.0 4.6 0.1 0.5 3.2
2008
January 2.0 3.1 -0.8 1.4 2.9 1.5
February 3.1 3.1 6.0 0.6 1.4 4.1
March 9.2 12.6 20.8 1.0 -0.9 15.1
April 6.3 3.2 11.7 6.3 6.7 6.1

Annual changes (%)
Marine Power intensive Food  Domestic Exported
   PPI products industry products production sales products
2007
April 3.9 6.7 1.2 4.9 6.9 2.1
May 1.0 2.0 -3.2 4.0 5.5 -1.7
June -4.8 -4.5 -14.8 2.3 4.1 -9.5
July -6.5 -6.8 -10.2 2.2 0.9 -10.7
August 0.2 1.0 2.1 2.2 1.7 -0.9
September -1.6 0.0 -4.2 3.3 2.0 -4.0
October -3.0 -0.3 -10.0 4.0 1.7 -6.0
November -4.6 -0.8 -14.3 5.2 0.7 -7.8
December -4.2 0.7 -12.6 3.6 -0.2 -6.6
2008
January -3.1 3.4 -16.8 4.3 2.5 -6.4
February 3.1 10.5 -8.4 4.1 4.2 2.4
March 12.5 24.8 10.3 5.6 2.5 18.3
April 20.3 28.3 27.8 12.1 9.2 26.6

In evaluating the price changes accounted for here, it may be taken into consideration that the trade-weighted average price of foreign exchange in April 2008 was 4.1% higher than in the preceding month and 27.3% higher than in April 2007.

Statistics

Further Information

For further information please contact 528 1100 , email upplysingar@hagstofa.is

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