NEWS RELEASE PRICES 04 JANUARY 2012

The producer price index (PPI) in November 2011 was 211.1 points (4. quarter 2005 = 100), 0.9% lower than in the previous month. The PPI for fish products was 261.8 points which is 0.5% higher than in October 2011 (effect on the index 0.2%) and the PPI for power intensive industry products was 230.1 points, 4.0% lower (-1.5%). The PPI for food products increased by 0.2% and the PPI for other manufactured products rose by 2.6% (0.4%).

The PPI for domestically sold products rose by 0.9% (0.2%) from the previous month while the index for exported products decreased by 1.5% (-1.1%).

Compared to November 2010 the PPI has increased by 8.4%. The PPI for fish products rose by 16.2% and the PPI for power intensive industry products decreased by 2.5%. In the same period the PPI for food products rose by 7.7%.

Monthly changes (%)
Power 
intensive
Marine industry Food  Domestic Exported
  PPI products  products production sales products
2010
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
July 0.2 0.2 -0.5 1.5 1.5 -0.2
August -0.8 0.5 -2.9 1.5 1.2 -1.3
September -0.6 0.2 -2.6 1.2 1.2 -1.2
October -1.1 1.8 -4.5 -0.7 0.0 -1.3
November -0.9 0.5 -4.0 0.2 0.9 -1.5

Annual changes (%)
Power 
intensive
Marine industry Food  Domestic Exported
  PPI products  products production sales products
2010
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
July 17.1 15.0 23.6 6.9 7.6 19.8
August 17.2 19.4 20.7 8.7 7.5 20.0
September 13.9 15.3 13.2 10.1 9.4 15.1
October 12.8 16.3 10.4 8.0 7.8 14.1
November 8.4 16.2 -2.5 7.7 9.6 8.0

In evaluating the price changes accounted for here, it may be taken into consideration that the trade-weighted average price of foreign exchange in November 2011 was 0.3% higher than in the preceding month and 4.3% higher than in November 2010.

Statistics

Further Information

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

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