NEWS RELEASE PRICES 27 MARCH 2009

The producer price index (PPI) in February 2009 was 155.5 points (4. quarter 2005 = 100), 8.3% lower than in the previous month. The PPI for fish products was 188.9 points which is 14.1% lower than in January 2009 (effect on the index -4.7%) and the PPI for power intensive industry products was 150.3 points, 12.7% lower (-3.8%). The PPI for food products was 0.3% lower than in January and the PPI for other manufactured products increased by 0.7% (0.2%).

The PPI for domestically sold products was 2.3% higher than in the previous month
(0.5%) while the index for exported products decreased 13.3% (-8.8%).

From February 2008 the PPI has increased by 23.8%. The PPI for fish products has increased by 35.5% and the PPI for power intensive industry products has risen by 8.0%. In the same period the PPI for food products rose by 23.2%.

Monthly changes (%)
Power 
intensive
Marine industry Food  Domestic Exported
  PPI products  products production sales products
2008
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
May 1.1 -0.4 0.4 1.4 2.5 0.4
June 3.7 7.4 3.4 0.2 0.4 5.6
July 2.4 -0.3 1.9 0.4 3.1 2.0
August 1.9 0.2 7.8 0.6 0.3 2.8
September 3.9 8.6 1.4 1.5 1.2 5.4
October 12.7 20.3 14.7 3.4 3.1 17.8
November 5.4 9.9 2.2 3.7 2.7 6.8
December -7.1 -6.4 -18.5 2.8 2.1 -11.7
2009
January -7.3 -5.4 -17.0 0.2 0.1 -11.0
February -8.3 -14.1 -12.7 -0.3 2.3 -13.3

Annual changes (%)
Power 
intensive
Marine industry Food  Domestic Exported
  PPI products  products production sales products
2008
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
May 24.7 33.4 29.9 13.7 12.5 31.7
June 29.5 44.7 36.1 14.1 12.0 40.1
July 35.7 44.3 48.3 14.4 16.8 47.4
August 31.9 36.7 46.4 15.2 16.3 41.1
September 39.6 47.3 62.0 15.9 17.8 53.1
October 61.4 80.4 101.5 19.2 21.5 87.9
November 68.5 93.1 101.2 22.4 26.3 96.1
December 53.2 77.3 56.8 25.7 28.3 67.8
2009
January 39.2 62.7 31.1 24.3 24.8 47.2
February 23.8 35.5 8.0 23.2 25.9 22.6

In evaluating the price changes accounted for here, it may be taken into consideration that the trade-weighted average price of foreign exchange in February 2009 was 12.0% lower than in the preceding month whereas it was 45.2% higher than in February 2008.

Statistics

Further Information

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

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