NEWS RELEASE PRICES 30 JANUARY 2013

The producer price index (PPI) in December 2012 was 214.0 points (4. quarter 2005 = 100), 1.1% lower than in the previous month. The PPI for fish products was 269.8 points which is 0.1% lower than in November 2012 and the PPI for power intensive industry products was 225.7 points, 2.0% lower (effect on the index -0.7%). The PPI for food products decreased by 0.3% (-0.1%) and the PPI for other manufactured products decreased by 1.8% (-0.3%).

The PPI for domestically sold products was 1.1% (-0.3%) lower than in the previous month while the index for exported products decreased by 1.1% (-0.8%).

Compared to December 2011 the PPI has increased by 1.2%. The PPI for fish products rose by 1.2% and the PPI for power intensive industry products decreased by 0.4%. In the same period the PPI for food products rose by 2.9%.

Monthly changes (%)
Power 
intensive
Marine industry Food  Domestic Exported
  PPI products  products production sales products
2011
December 0.1 1.9 -1.6 -0.4 -0.2 0.2
2012
January 1.1 1.6 0.4 0.2 1.0 1.1
February 1.9 -0.8 5.2 0.0 0.3 2.4
March 2.7 2.2 4.5 -0.2 0.7 3.3
April 0.5 1.2 0.0 0.6 0.5 0.5
May -2.5 -1.7 -5.0 0.2 0.1 -3.3
June -1.2 -0.7 -2.0 -0.3 -0.1 -1.5
July -3.3 -1.7 -6.4 1.9 -0.6 -4.2
August -2.7 -3.4 -4.6 -0.6 0.6 -3.7
September 1.8 3.3 0.7 1.2 -0.5 2.5
October 3.9 0.6 11.2 0.1 -1.0 5.4
November 0.4 0.8 -1.1 0.2 1.3 0.2
December -1.1 -0.1 -2.0 -0.3 -1.1 -1.1

Annual changes (%)
Power 
intensive
Marine industry Food  Domestic Exported
  PPI products  products production sales products
2011
December 6.7 18.4 -6.4 7.3 8.0 6.3
2012
January 5.7 16.3 -8.1 7.5 9.4 4.6
February 4.9 12.7 -6.5 6.4 8.4 3.9
March 6.4 12.9 -3.9 5.0 8.2 5.9
April 5.3 12.4 -3.4 5.4 7.7 4.5
May 1.0 9.6 -12.3 5.3 7.4 -0.8
June -0.7 6.9 -12.7 3.7 7.4 -2.9
July -4.2 4.9 -17.9 4.2 5.1 -6.8
August -6.1 0.9 -19.3 2.0 4.4 -9.1
September -3.7 4.1 -16.5 2.0 2.7 -5.7
October 1.0 2.8 -2.8 2.8 1.7 0.8
November 2.5 3.1 0.1 2.8 2.1 2.4
December 1.2 1.2 -0.4 2.9 1.1 1.1

In evaluating the price changes accounted for here, it may be taken into consideration that the trade-weighted average price of foreign exchange in December 2012 was 0.8% higher than in the preceding month and 4.8% higher than in December 2011.

Statistics

Further Information

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

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