NEWS RELEASE PRICES 30 JANUARY 2008

The producer price index (PPI) in December 2007 was 119.5 points (4. quarter 2005 = 100), 2.2% higher than in the previous month. The PPI for fish products was 131.2 points which is 2.0% higher than in November (effect on the index 0.7%), and the PPI for power intensive industry products was 132.4 points, 4.6% higher (1.0%). The PPI for food products was 0.1% higher than in November (0.0%) while the PPI for other manufactured products increased 1.7% (0.5%).

The PPI for domestically sold products was 0.5% higher than in the previous month
(0.2%) while the index for exported products increased 3.2% (2.0%).

From December 2006, the PPI has decreased 4.2%, the PPI for fish products has increased 0.7% and the PPI for power intensive industry products has fallen 12.6%. The PPI for food products rose 3.6% in the same period.

Monthly changes (%)
2007 PPI Marine Power intensive Food  Domestic Exported
    products industry products production sales products
January 0.9 0.4 4.1 0.7 0.2 1.3
February -3.1 -3.5 -3.7 0.7 -0.2 -4.8
March 0.0 -0.3 0.4 -0.4 0.6 -0.3
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

Annual changes (%)
2007 PPI Marine Power intensive Food  Domestic Exported
    products industry products production sales products
January 22.4 28.6 42.0 7.1 8.0 30.9
February 15.6 23.1 24.9 6.8 7.1 20.2
March 9.5 14.4 12.2 5.8 7.3 10.4
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

In evaluating the price changes accounted for here, it may be taken into consideration that the trade-weighted average price of foreign exchange in December 2007 was 1.4% higher than in the preceding month and 3.3% lower than in December 2006.

Statistics

Further Information

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

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