NEWS RELEASE PRICES 29 APRIL 2008

The producer price index (PPI) in March 2008 was 137.2 points (4. quarter 2005 = 100), 9.2% higher than in the previous month. The PPI for fish products was 157.0 points which is 12.6% higher than in February (effect on the index 4.4%), and the PPI for power intensive industry products was 168.1 points, 20.8% higher (4.6%). The PPI for food products was 1.0% higher than in February (0.2%) while the PPI for other manufactured products decreased 0.1% (0.0%).

The PPI for domestically sold products was 0.9% lower than in the previous month (-0.2%) while the index for exported products increased 15.1% (9.4%).

From March 2007, the PPI has increased 12.5%, the PPI for fish products has increased 24.8% and the PPI for power intensive industry products has risen 10.3%. The PPI for food products rose 5.6% in the same period.

Monthly changes (%)
PPI Marine Power intensive Food  Domestic Exported
    products industry products production sales products
2007 . . . . . .
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
March 9.2 12.6 20.8 1.0 -0.9 15.1

Annual changes (%)
PPI Marine Power intensive Food  Domestic Exported
    products industry products production sales products
2007
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
March 12.5 24.8 10.3 5.6 2.5 18.3

In evaluating the price changes accounted for here, it may be taken into consideration that the trade-weighted average price of foreign exchange in March 2008 was 12.4% higher than in the preceding month and 21.2% higher than in March 2007.

Statistics

Further Information

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

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