NEWS RELEASE PRICES 30 JUNE 2017

The producer price index (PPI) decreased by 3.6% between April and May 2017. Prices of marine products decreased by 4.2% (effect on the index -1.2%), prices of power intensive industry products decreased by 5.8% (-1.8%), prices for other industry decreased by 2.9% (-0.6%) and prices of food increased by 0.1% (0.0%).

Compared with May 2016, the PPI has decreased by 9.7%. Thereof prices of marine products have decreased by 13.7% and other industry decreased by 22.2%. Prices of power intensive industry products decreased by 0.2%. When taken into consideration if the products are exported or sold domestically, exported products have decreased in price by 8.8% over one year, but products sold domestically have decreased by 11.4%.

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

Producer Price Index in May 2017
    Monthly changes  
  Index   Effect on Annual
  4. quarter 2005 = 100  %  index % changes %
         
Producer Price Index (PPI) 181.9 -3.6 -3.6 -9.7
By industries:        
Marine products 226.2 -4.2 -1.2 -13.7
Power intensive industry products 177.7 -5.8 -1.8 -0.2
Food production 172.6 0.1 0.0 -2.0
Other manufacturing industry 138.5 -2.9 -0.6 -22.2
         
By markets:        
Domestic sales 160.0 -2.9 -1.0 -11.4
Exported products 194.6 -4.0 -2.6 -8.8

 

 

Statistics

 

 

Further Information

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

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