NEWS RELEASE PRICES 28 JUNE 2013

The producer price index (PPI) in May 2013 was 202.4 points (4. quarter 2005 = 100), 0.6% higher than in the previous month. The PPI for fish products was 246.6 points which is 1.7% higher than in April 2013 (effect on the index 0.6%) and the PPI for power intensive industry products was 209.4 points, 0.3% lower (-0.1%). The PPI for food products increased by 0.3% and the PPI for other manufactured products increased by 1.5% (0.1%).

The PPI for domestically sold products was 1.0% (0.1%) higher than in the previous month while the index for exported products increased by 0.7% (0.5%).

Compared to May 2012 the PPI has decreased by 7.6%. The PPI for fish products and the PPI for power intensive industry decreased by 9.8% and 11.8% respectively. In the same period the PPI for food products rose by 4.7%.

Basic weights for the PPI are revised annually and are as of May 2013 based on Statistics Iceland’s PRODCOM survey for the years 2011 and 2012.

Monthly changes (%)
Power 
intensive
Marine industry Food  Domestic Exported
  PPI products  products production sales products
2012
May -2.5 -1.7 -5.0 0.2 0.1 -3.3
June -1.2 -0.7 -2.0 -0.3 -0.1 -1.5
July -3.3 -1.7 -6.4 1.9 -0.6 -4.2
August -2.7 -3.4 -4.6 -0.6 0.6 -3.7
September 1.8 3.3 0.7 1.2 -0.5 2.5
October 3.9 0.6 11.2 0.1 -1.0 5.4
November 0.4 0.8 -1.1 0.2 1.3 0.2
December -1.1 -0.1 -2.0 -0.3 -1.1 -1.1
2013
January 4.3 0.5 8.7 0.6 1.8 5.0
February -2.8 -3.1 -2.4 0.7 -1.1 -3.3
March -1.4 -3.6 -1.6 1.0 1.1 -2.2
April -5.9 -4.3 -10.9 -0.1 -1.0 -7.4
May 0.6 1.7 -0.3 0.3 1.0 0.7

Annual changes (%)
Power 
intensive
Marine industry Food  Domestic Exported
  PPI products  products production sales products
2012
May 1.0 9.6 -12.3 5.3 7.4 -0.8
June -0.7 6.9 -12.7 3.7 7.4 -2.9
July -4.2 4.9 -17.9 4.2 5.1 -6.8
August -6.1 0.9 -19.3 2.0 4.4 -9.1
September -3.7 4.1 -16.5 2.0 2.7 -5.7
October 1.0 2.8 -2.8 2.8 1.7 0.8
November 2.5 3.1 0.1 2.8 2.1 2.4
December 1.2 1.2 -0.4 2.9 1.1 1.1
2013
January 4.4 0.1 8.0 3.3 2.0 5.0
February -0.4 -2.3 0.2 4.1 0.6 -0.8
March -4.4 -7.8 -5.7 5.3 1.1 -6.1
April -10.5 -12.8 -15.9 4.6 -0.4 -13.5
May -7.6 -9.8 -11.8 4.7 0.4 -10.0

Statistics

Further Information

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

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