NEWS RELEASE PRICES 28 FEBRUARY 2008

The producer price index (PPI) in January 2008 was 121.9 points (4. quarter 2005 = 100), 2.0% higher than in the previous month. The PPI for fish products was 135.2 points which is 3.1% higher than in December (effect on the index 1.1%), and the PPI for power intensive industry products was 131.3 points, 0.8% lower (-0.2%). The PPI for food products was 1.4% higher than in December (0.2%) while the PPI for other manufactured products increased 3.3% (0.9%).

The PPI for domestically sold products was 2.9% higher than in the previous month
(1.1%) while the index for exported products increased 1.5% (0.9%).

From January 2007, the PPI has decreased 3.1%, the PPI for fish products has increased 3.4% and the PPI for power intensive industry products has fallen 16.8%. The PPI for food products rose 4.3% in the same period.

Monthly changes (%)
PPI Marine Power intensive Food  Domestic Exported
    products industry products production sales products
2007 . . . . . .
January 0.9 0.4 4.1 0.7 0.2 1.3
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

Annual changes (%)
PPI Marine Power intensive Food  Domestic Exported
    products industry products production sales products
2007
January 22.4 28.6 42.0 7.1 8.0 30.9
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

In evaluating the price changes accounted for here, it may be taken into consideration that the trade-weighted average price of foreign exchange in January 2008 was 3.9% higher than in the preceding month and 0.9% higher than in January 2007.

Statistics

Further Information

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

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