NEWS RELEASE PRICES 30 OCTOBER 2017

The producer price index (PPI) increased by 2.8% between August and September 2017. Prices of marine products increased by 1.7% (effect on the index 0.5%), prices of power intensive industry products increased by 6.2% (1.9%), prices for other industry increased by 2.4% (0.5%) but food prices decreased by 0.4% (-0.1%).

Compared with September 2016, the PPI has decreased by 1.4%. Thereof prices of marine products have decreased by 0.1% and other industry decreased by 18.3%. Prices of power intensive industry products has increased by 12.0% but prices of food decreased by 2.8% in the same period. When taken into consideration if the products are exported or sold domestically, exported products have increased in price by 2.7% in one year, but products sold domestically have decreased by 8.8%.

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

Producer Price Index in September 2017
    Monthly changes  
  Index   Effect on Annual
  4. quarter 2005 = 100  %  index % changes %
         
Producer Price Index (PPI) 192.0 2.8 2.8 -1.4
By industries        
Marine products 246.9 1.7 0.5 -0.1
Power intensive industry products 192.7 6.2 1.9 12.0
Food production 171.8 -0.4 -0.1 -2.8
Other manufacturing industry 141.3 2.4 0.5 -18.3
         
By markets        
Domestic sales 162.8 0.7 0.2 -8.8
Exported products 209.7 4.1 2.6 2.7

Statistics

Further Information

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

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