NEWS RELEASE PRICES 26 FEBRUARY 2009

The producer price index (PPI) in January 2009 was 169.7 points (4. quarter 2005 = 100), 7.3% lower than in the previous month. The PPI for fish products was 220.0 points which is 5.4% lower than in December 2008 (effect on the index -1.7%) and the PPI for power intensive industry products was 172.2 points, 17.0% lower (-5.0%). The PPI for food products was 0.2% higher than in December (0.0%) and the PPI for other manufactured products decreased by 2.5% (-0.6%).

The PPI for domestically sold products was 0.1% higher than in the previous month
(0.0%) while the index for exported products decreased 11.0% (-7.3%).

From January 2008 the PPI has increased by 39.2%. The PPI for fish products has increased by 62.7% and the PPI for power intensive industry products has risen by 31.1%. In the same period the PPI for food products rose by 24.3%.

Monthly changes (%)
Marine Power intensive Food  Domestic Exported
  PPI products industry products production sales products
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
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

Annual changes (%)
Marine Power intensive Food  Domestic Exported
  PPI products industry products production sales products
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
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

In evaluating the price changes accounted for here, it may be taken into consideration that the trade-weighted average price of foreign exchange in January 2009 was 1.1% lower than in the preceding month whereas it was 71.0% higher than in January 2008.

The Statistical Series issue about the producer price index, which was scheduled on 11 March 2009, has been cancelled.

Statistics

Further Information

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

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