NEWS RELEASE PRICES 31 MARCH 2008

The producer price index (PPI) in February 2008 was 125.7 points (4. quarter 2005 = 100), 3.1% higher than in the previous month. The PPI for fish products was 139.4 points which is 3.1% higher than in January (effect on the index 1.1%), and the PPI for power intensive industry products was 139.1 points, 6.0% higher (1.3%). The PPI for food products was 0.6% higher than in January (0.1%) while the PPI for other manufactured products increased 2.3% (0.6%).

The PPI for domestically sold products was 1.4% higher than in the previous month
(0.5%) while the index for exported products increased 4.1% (2.6%).

From February 2007, the PPI has increased 3.1%, the PPI for fish products has increased 10.5% and the PPI for power intensive industry products has fallen 8.4%. The PPI for food products rose 4.1% in the same period.

Monthly changes (%)
PPI Marine Power intensive Food  Domestic Exported
    products industry products production sales products
2007 . . . . . .
February -3.1 -3.5 -3.7 0.7 -0.2 -4.8
March 0.0 -0.3 0.4 -0.4 0.6 -0.3
April -0.5 0.4 -3.6 0.1 0.1 -0.9
May -2.4 -4.2 -1.2 0.0 -0.5 -3.5
June -0.1 -1.0 -1.3 -0.1 0.8 -0.7
July -2.3 0.0 -6.5 0.1 -1.1 -3.0
August 4.8 5.7 9.1 -0.1 0.7 7.3
September -1.8 0.8 -8.3 0.9 0.0 -2.8
October -2.5 -1.9 -7.8 0.6 -0.1 -4.0
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

Annual changes (%)
PPI Marine Power intensive Food  Domestic Exported
    products industry products production sales products
2007
February 15.6 23.1 24.9 6.8 7.1 20.2
March 9.5 14.4 12.2 5.8 7.3 10.4
April 3.9 6.7 1.2 4.9 6.9 2.1
May 1.0 2.0 -3.2 4.0 5.5 -1.7
June -4.8 -4.5 -14.8 2.3 4.1 -9.5
July -6.5 -6.8 -10.2 2.2 0.9 -10.7
August 0.2 1.0 2.1 2.2 1.7 -0.9
September -1.6 0.0 -4.2 3.3 2.0 -4.0
October -3.0 -0.3 -10.0 4.0 1.7 -6.0
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

In evaluating the price changes accounted for here, it may be taken into consideration that the trade-weighted average price of foreign exchange in February 2008 was 3.7% higher than in the preceding month and 8.2% higher than in February 2007.

Statistics

Further Information

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

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