The producer price index (PPI) in June 2008 was 153.0 points (4. quarter 2005 = 100), 3.7% higher than in the previous month. The PPI for fish products was 173.3 points which is 7.4% higher than in May (effect on the index 2.5%) and the PPI for power intensive industry products was 195.1 points, 3.4% higher (0.8%). The PPI for food products was 0.2% higher than in May (0.0%). The PPI for other manufactured products increased 1.4% (0.3%).
The PPI for domestically sold products was 0.4% higher than in the previous month (0.1%) while the index for exported products increased 5.6% (3.6%).
From June 2007 the PPI has increased 29.5%. The PPI for fish products has increased 44.7% and the PPI for power intensive industry products has risen 36.1%. In the same period the PPI for food products rose 14.1%.
Basic weights for the PPI are revised annually and are as of June 2008 based on Statistics Iceland’s PRODCOM survey for the years 2006 and 2007.
| Monthly changes (%) | ||||||
| Marine | Power intensive | Food | Domestic | Exported | ||
| PPI | products | industry products | production | sales | products | |
| 2007 | ||||||
| June | -0.1 | -1.0 | -1.3 | -0.1 | 0.8 | -0.7 |
| 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 |
| Annual changes (%) | ||||||
| Marine | Power intensive | Food | Domestic | Exported | ||
| PPI | products | industry products | production | sales | products | |
| 2007 | ||||||
| June | -4.8 | -4.5 | -14.8 | 2.3 | 4.1 | -9.5 |
| 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 |
In evaluating the price changes accounted for here, it may be taken into consideration that the trade-weighted average price of foreign exchange in June 2008 was 5.0% higher than in the preceding month and 40.5% higher than in June 2007.
Statistics