NEWS RELEASE PRICES 28 AUGUST 2008

The producer price index (PPI) in July 2008 was 156.7 points (4. quarter 2005 = 100), 2.4% higher than in the previous month. The PPI for fish products was 172.7 points which is 0.3% lower than in June (effect on the index -0.1%) and the PPI for power intensive industry products was 198.8 points, 1.9% higher (0.5%). The PPI for food products was 0.4% higher than in June (0.1%) and the PPI for other manufactured products increased 8.1% (2.0%).

The PPI for domestically sold products was 3.1% higher than in the previous month
(1.1%) while the index for exported products increased 2.0% (1.3%).

From July 2007 the PPI has increased 35.7%. The PPI for fish products has increased 44.3% and the PPI for power intensive industry products has risen 48.3%. In the same period the PPI for food products rose 14.4%.

Monthly changes (%)
Marine Power intensive Food  Domestic Exported
  PPI products industry products production sales products
2007
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
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

Annual changes (%)
Marine Power intensive Food  Domestic Exported
  PPI products industry products production sales products
2007
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
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

In evaluating the price changes accounted for here, it may be taken into consideration that the trade-weighted average price of foreign exchange in July 2008 was 0.2% higher than in the preceding month and 42.9% higher than in July 2007.

Statistics

Further Information

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

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