NEWS RELEASE PRICES 06 JANUARY 2009

The producer price index (PPI) in November 2008 was 197.1 points (4. quarter 2005 = 100), 5.4% higher than in the previous month. The PPI for fish products was 248.3 points which is 9.9% higher than in October (effect on the index 3.0%) and the PPI for power intensive industry products was 254.5 points, 2.2% higher (0.6%). The PPI for food products was 3.7% higher than in October (0.6%) and the PPI for other manufactured products increased by 4.4% (1.3%).

The PPI for domestically sold products was 2.7% higher than in the previous month
(1.2%) while the index for exported products increased 6.8% (4.2%).

From November 2007 the PPI has increased 68.5%. The PPI for fish products has increased 93.1% and the PPI for power intensive industry products has risen 101.2%. In the same period the PPI for food products rose 22.4%.

Monthly changes (%)
Marine Power intensive Food  Domestic Exported
  PPI products industry products production sales products
2007
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
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

Annual changes (%)
Marine Power intensive Food  Domestic Exported
  PPI products industry products production sales products
2007
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
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

In evaluating the price changes accounted for here, it may be taken into consideration that the trade-weighted average price of foreign exchange in November 2008 was 13.5% higher than in the preceding month and 93.3% higher than in November 2007.

Statistics

Further Information

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

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