NEWS RELEASE PRICES 24 JULY 2018

The producer price index (PPI) increased by 2.3% between May and June 2018.  Prices of power intensive industry products increased by 4.2% (effect on the index 1.5%), the prices of marine products increased by 2.1% (0.5%), other industry prices increased by 1.3% (0.3%).

The PPI has increased by 11.7% from June 2017 to June 2018. Thereof have prices of power intensive industry products increased by 27.9%, marine products increased by 10.4% and prices of food increased by 1.0% while other industry have decreased by 0.5% in the same period.

Exported products have increased by 17% in one year, while products sold domestically have increase by 2.6%.

Changes, effects on the index and index level for subgroups are shown in the table below.  

Producer Price Index in June 2018
    Monthly changes  
  Index   Effect on Annual
  4. quarter 2005 = 100  %  index % changes %
         
Producer Price Index (PPI) 201.7 2.3 2.3 11.7
By industries        
Marine products 250.0 2.1 0.5 10.4
Power intensive industry products 222.1 4.2 1.5 27.9
Food production 173.9 0.2 0 1.0
Other manufacturing industry 137.8 1.3 0.3 -0.5
         
By markets        
Domestic sales 164.2 0.4 0.1 2.6
Exported products 225.3 3.3 2.2 17.0



Statistics

Further Information

For further information please contact 528 1200 , email framleidsluverd@hagstofa.is

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