NEWS RELEASE PRICES 28 AUGUST 2009

The producer price index (PPI) in July 2009 was 175.8 points (4th quarter 2005 = 100), 3.5% higher than in the previous month. The PPI for fish products was 220.7 points which is 1.4% higher than in June 2009 (effect on the index 0.5%) and the PPI for power intensive industry products was 182.0 points, 7.6% higher (2.5%). The PPI for food products was 0.5% (0.1%) higher than in June and the PPI for other manufactured products rose by 2.4% (0.5%).

The PPI for domestically sold products was 1.2% higher (0.4%) than in the previous month while the index for exported products increased 4.4% (3.1%).

From July 2008 the PPI has increased by 12.2%. The PPI for fish products has increased by 27.8% and the PPI for power intensive industry products has decreased by 8.4%. In the same period the PPI for food products rose by 14.3%.

Monthly changes (%)
Power 
intensive
Marine industry Food  Domestic Exported
  PPI products  products production sales products
2008
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
March -1.6 -1.0 -5.2 -0.2 0.2 -2.4
April 7.2 11.4 10.2 0.3 -0.2 10.7
May 2.4 3.7 5.0 0.2 -0.5 3.7
June 1.1 0.7 2.7 0.9 0.4 1.5
July 3.5 1.4 7.6 0.5 1.2 4.4

Annual changes (%)
Power 
intensive
Marine industry Food  Domestic Exported
  PPI products  products production sales products
2008
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
March 11.6 19.2 -15.3 21.7 27.3 3.9
April 12.5 28.6 -16.5 14.8 19.1 8.4
May 13.9 33.9 -12.6 13.4 15.7 12.0
June 11.0 25.6 -13.3 14.2 15.7 7.6
July 12.2 27.8 -8.4 14.3 13.6 10.2

In evaluating the price changes accounted for here, it may be taken into consideration that the trade-weighted average price of foreign exchange in July 2009 was 1.0% higher than in the preceding month whereas it was 45.5% higher than in July 2008.

Statistics

Further Information

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

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