The producer price index (PPI) in June 2011 was 218.0 points (4. quarter 2005 = 100), 0.5% higher than in the previous month. The PPI for fish products was 253.7 points which is 1.8% higher than in May 2011 (effect on the index 0.6%) and the PPI for power intensive industry products was 266.5 points, 1.6% lower (-0.6%). The PPI for food products increased by 1.1% (0.1%) and the PPI for other manufactured products rose by 2.6% (0.4%).
The PPI for domestically sold products was 0.1% lower than in the previous month while the index for exported products increased by 0.7% (0.5%).
Compared with June 2010 the PPI has increased by 13.0%. The PPI for fish products rose by 14.6% and the PPI for power intensive industry products has increased by 14.1%. In the same period the PPI for food products rose by 5.8%.
Basic weights for the PPI are revised annually and are as of June 2011 based on Statistics Iceland’s PRODCOM survey for the years 2009 and 2010.
| Monthly changes (%) | ||||||
| Power | ||||||
| intensive | ||||||
| Marine | industry | Food | Domestic | Exported | ||
| PPI | products | products | production | sales | products | |
| 2010 | ||||||
| June | -5,4 | -1,1 | -11,5 | 0,3 | -0,5 | -7,0 |
| July | -3,3 | -0,2 | -8,2 | 0,4 | -0,2 | -4,2 |
| August | -0,9 | -3,1 | -0,5 | -0,2 | 1,3 | -1,5 |
| September | 2,3 | 3,7 | 3,8 | -0,1 | -0,5 | 3,1 |
| October | -0,1 | 1,0 | -2,0 | 1,2 | 1,4 | -0,5 |
| November | 3,1 | 0,6 | 8,8 | 0,5 | -0,7 | 4,1 |
| Desember | 1,7 | 0,0 | 2,5 | 0,0 | 1,3 | 1,8 |
| 2011 | ||||||
| January | 2,1 | 3,5 | 2,2 | 0,0 | -0,3 | 2,7 |
| February | 2,7 | 2,4 | 3,4 | 1,0 | 1,2 | 3,1 |
| March | 1,3 | 2,0 | 1,6 | 1,1 | 0,8 | 1,4 |
| April | 1,6 | 1,7 | -0,5 | 0,2 | 0,9 | 1,8 |
| May | 1,6 | 0,8 | 4,6 | 0,3 | 0,5 | 1,9 |
| June | 0,5 | 1,8 | -1,6 | 1,1 | -0,1 | 0,7 |
| Annual changes (%) | ||||||
| Power | ||||||
| intensive | ||||||
| Marine | industry | Food | Domestic | Exported | ||
| PPI | products | products | production | sales | products | |
| 2010 | ||||||
| June | 13,5 | 1,7 | 38,1 | 2,6 | 3,8 | 17,5 |
| July | 6,1 | 0,1 | 17,8 | 2,5 | 2,3 | 7,8 |
| August | 1,8 | -4,8 | 11,5 | 1,1 | 1,7 | 2,2 |
| September | 1,4 | 0,8 | 3,2 | 0,8 | 2,0 | 1,3 |
| October | 1,0 | -2,2 | 5,8 | 3,0 | 3,0 | 0,5 |
| November | 2,9 | -2,6 | 12,8 | 3,3 | 1,6 | 3,3 |
| December | 2,6 | -3,6 | 11,0 | 3,2 | 3,1 | 2,4 |
| 2011 | ||||||
| January | 0,9 | 1,3 | 1,9 | 2,7 | 1,7 | 0,3 |
| February | 2,7 | 4,7 | 1,5 | 3,3 | 3,2 | 2,2 |
| March | 6,9 | 6,1 | 12,1 | 5,0 | 3,5 | 7,7 |
| April | 6,0 | 8,4 | 4,3 | 4,7 | 4,1 | 6,2 |
| May | 6,3 | 11,4 | 2,5 | 4,9 | 5,2 | 6,3 |
| June | 13,0 | 14,6 | 14,1 | 5,8 | 5,7 | 15,0 |
In evaluating the price changes accounted for here, it may be taken into consideration that the trade-weighted average price of foreign exchange in June 2011 was 0.6% higher than in the preceding month and 2.5% higher than in June 2010.
Statistics