Please note that this release was corrected 30. Oct. 2014 at 09:35

The producer price index (PPI) in August 2014 was 208.6 points (4. quarter 2005 = 100), 3.5% higher than in the previous month. The PPI for fish products was 263.4 points which is 2.4% higher than in July 2014 (effect on the index 0.8%) and the PPI for power intensive industry products was 211.1 points, 7.7% higher (2.5%). The PPI for food products increased by 0.1% and the PPI for other manufactured products increased by 1.0% (0.2%).

The PPI for domestically sold products was 0.5% (0.1%) higher than in the previous month and the index for exported products increased by 4.6% (3.4%).

Compared to August 2013 the PPI has increased by 5.6%. In the same period the PPI for fish products rose by 6.0% while the PPI for power intensive industry increased by 7.0%. The PPI for food products rose by 2.5% from the previous year.

Basic weights for the PPI are revised annually and are as of August 2014 based on Statistics Iceland’s data on production values from 2012 and 2013.

Monthly changes (%)
Power 
intensive
Marine industry Food  Domestic Exported
  PPI products  products production sales products
2013
August -2.8 -0.6 -5.1 -0.2 -1.9 -3.1
September 2.9 1.6 3.3 0.5 2.7 3.0
October -0.8 0.5 -2.6 1.5 -0.2 -1.0
November 0.9 0.8 2.9 0.1 -0.5 1.4
December -2.3 -2.4 -7.0 -0.3 2.2 -3.7
2014
January -1.6 -3.0 -0.6 0.4 -0.5 -2.0
February -0.1 -1.1 -2.0 -0.4 2.4 -0.9
March -0.9 1.5 -2.7 0.0 -1.1 -0.9
April 0.5 2.6 -0.8 0.7 0.6 0.5
May 1.7 0.5 7.3 0.0 -1.9 2.9
June 1.0 1.4 -2.2 -0.1 2.6 0.4
July 0.8 1.3 4.4 0.1 -2.3 1.9
August 3.5 2.4 7.7 0.1 0.5 4.6

Annual changes (%)
Power 
intensive
Marine industry Food  Domestic Exported
  PPI products  products production sales products
2013
August -3.0 -3.6 -5.1 2.9 -1.4 -3.5
September -1.9 -5.2 -2.6 2.2 1.8 -3.1
October -6.4 -5.3 -14.7 3.6 2.6 -9.0
November -5.9 -5.3 -11.2 3.5 0.8 -7.8
December -7.1 -7.5 -15.8 3.5 4.1 -10.3
2014
January -12.3 -10.8 -23.0 3.3 1.7 -16.3
February -9.9 -8.9 -22.7 2.1 5.2 -14.2
March -9.5 -4.0 -23.5 1.2 2.9 -13.0
April -3.3 2.9 -14.9 2.0 4.5 -5.6
May -2.2 1.6 -8.3 1.7 1.6 -3.5
June -1.8 1.6 -9.8 2.1 3.9 -3.6
July -0.8 3.0 -5.8 2.3 1.8 -1.7
August 5.6 6.0 7.0 2.5 4.3 6.1

Statistics