NEWS RELEASE PRICES 28 JANUARY 2011

The producer price index (PPI) in December 2010 was 198.0 points (4. quarter 2005 = 100), 1.7% higher than in the previous month. The PPI for fish products was essentially unchanged at 225.2 points and the PPI for power intensive industry products was 241.9 points, 2.5% higher than in November 2010 (effect on the index 0.9%). The PPI for food products was unchanged and the PPI for other manufactured products rose by 5.6% (0.8%).

The PPI for domestically sold products was 1.3% (0.3%) higher than in the previous month while the index for exported products increased by 1.8% (1.4%).

Compared to December 2009 the PPI has increased by 2.6%. The PPI for fish products has declined by 3.6% and the PPI for power intensive industry products has increased by 11.0%. In the same period the PPI for food products rose by 3.2%.

Monthly changes (%)
Power 
intensive
Marine industry Food  Domestic Exported
  PPI products  products production sales products
2009
Desember 1.9 1.1 4.2 0.0 -0.2 2.6
2010
January 3.9 -1.6 11.3 0.5 1.1 4.8
February 0.8 -1.0 3.9 0.4 -0.3 1.2
March -2.7 0.7 -8.0 -0.5 0.5 -3.7
April 2.5 -0.5 7.0 0.5 0.4 3.2
May 1.2 -1.9 6.4 0.1 -0.6 1.8
June -5.4 -1.1 -11.5 0.3 -0.5 -7.0
July -3.3 -0.2 -8.2 0.4 -0.2 -4.2
August -0.9 -3.1 -0.5 -0.2 1.3 -1.5
September 2.3 3.7 3.8 -0.1 -0.5 3.1
October -0.1 1.0 -2.0 1.2 1.4 -0.5
November 3.1 0.6 8.8 0.5 -0.7 4.1
Desember 1.7 0.0 2.5 0.0 1.3 1.8

Annual changes (%)
Power 
intensive
Marine industry Food  Domestic Exported
  PPI products  products production sales products
2009
December 5.4 0.5 5.1 2.2 5.6 3.3
2010
January 18.1 4.5 40.9 2.5 6.6 21.7
February 29.8 20.5 67.8 3.2 3.9 41.9
March 28.4 22.6 62.8 2.9 4.3 40.0
April 22.8 9.5 58.1 3.2 4.8 30.6
May 21.4 3.6 60.3 3.2 4.8 28.2
June 13.5 1.7 38.1 2.6 3.8 17.5
July 6.1 0.1 17.8 2.5 2.3 7.8
August 1.8 -4.8 11.5 1.1 1.7 2.2
September 1.4 0.8 3.2 0.8 2.0 1.3
October 1.0 -2.2 5.8 3.0 3.0 0.5
November 2.9 -2.6 12.8 3.3 1.6 3.3
December 2.6 -3.6 11.0 3.2 3.1 2.4

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 2010 was 0.7% higher than in the preceding month whereas it was 12.7% lower than in December 2009.

Statistics

Further Information

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

Share


Use of this press release is free. Please quote the source.