NEWS RELEASE PRICES 30 AUGUST 2011

The producer price index (PPI) in July 2011 was 218.4 points (4. quarter 2005 = 100), 0.2% higher than in the previous month. The PPI for fish products was 254.1 points which is 0.2% higher than in June 2011 (effect on the index 0.1%) and the PPI for power intensive industry products was 265.2 points, 0.5% lower (-0.2%). The PPI for food products increased by 1.5% (0.2%) and the PPI for other manufactured products rose by 0.8% (0.1%).

The PPI for domestically sold products was 1.5% (0.3%) higher than in the previous month while the index for exported products decreased by 0.2% (-0.1%).

Compared to July 2010 the PPI has increased by 17.1%. The PPI for fish products rose by 15.0% and the PPI for power intensive industry products increased by 23.6%. In the same period the PPI for food products rose by 6.9%.

Monthly changes (%)
Power 
intensive
Marine industry Food  Domestic Exported
  PPI products  products production sales products
2010
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
2011
January 2.1 3.5 2.2 0.0 -0.3 2.7
February 2.7 2.4 3.4 1.0 1.2 3.1
March 1.3 2.0 1.6 1.1 0.8 1.4
April 1.6 1.7 -0.5 0.2 0.9 1.8
May 1.6 0.8 4.6 0.3 0.5 1.9
June 0.5 1.8 -1.6 1.1 -0.1 0.7
July 0.2 0.2 -0.5 1.5 1.5 -0.2

Annual changes (%)
Power 
intensive
Marine industry Food  Domestic Exported
  PPI products  products production sales products
2010
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
2011
January 0.9 1.3 1.9 2.7 1.7 0.3
February 2.7 4.7 1.5 3.3 3.2 2.2
March 6.9 6.1 12.1 5.0 3.5 7.7
April 6.0 8.4 4.3 4.7 4.1 6.2
May 6.3 11.4 2.5 4.9 5.2 6.3
June 13.0 14.6 14.1 5.8 5.7 15.0
July 17.1 15.0 23.6 6.9 7.6 19.8

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 2011 was 0.4% higher than in the preceding month and 3.4% higher than in July 2010.

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.