NEWS RELEASE PRICES 27 JUNE 2008

The producer price index (PPI) in May 2008 was 147.5 points (4th quarter 2005 = 100), 1.1% higher than in the previous month. The PPI for fish products was 161.4 points which is 0.4% lower than in April (effect on the index -0.1%) and the PPI for power intensive industry products was 188.6 points, 0.4% higher (0.1%). The PPI for food products was 1.4% higher than in April (0.2%). The PPI for other manufactured products increased 3.7% (1.0%).

The PPI for domestically sold products was 2.5% higher than in the previous month (0.9%) while the index for exported products increased 0.4% (0.2%).

From May 2007, the PPI has increased 24.7%, the PPI for fish products has increased 33.4% and the PPI for power intensive industry products has risen 29.9%. The PPI for food products rose 13.7% in the same period.

Monthly changes (%)
Marine Power intensive Food  Domestic Exported
  PPI products industry products production sales products
2007
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
April 6.3 3.2 11.7 6.3 6.7 6.1
May 1.1 -0.4 0.4 1.4 2.5 0.4

Annual changes (%)
Marine Power intensive Food  Domestic Exported
  PPI products industry products production sales products
2007
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
April 20.3 28.3 27.8 12.1 9.2 26.6
May 24.7 33.4 29.9 13.7 12.5 31.7

In evaluating the price changes accounted for here, it may be taken into consideration that the trade-weighted average price of foreign exchange in May 2008 was 0.6% higher than in the preceding month and 32.5% higher than in May 2007.

Statistics

Further Information

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

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