Wednesday - 30 July 2008
Producer price index in June 2008
The producer price index (PPI) in June 2008 was 153.0 points (4. quarter 2005 = 100), 3.7% higher than in the previous month. The PPI for fish products was 173.3 points which is 7.4% higher than in May (effect on the index 2.5%) and the PPI for power intensive industry products was 195.1 points, 3.4% higher (0.8%). The PPI for food products was 0.2% higher than in May (0.0%). The PPI for other manufactured products increased 1.4% (0.3%).
The PPI for domestically sold products was 0.4% higher than in the previous month (0.1%) while the index for exported products increased 5.6% (3.6%).
From June 2007 the PPI has increased 29.5%. The PPI for fish products has increased 44.7% and the PPI for power intensive industry products has risen 36.1%. In the same period the PPI for food products rose 14.1%.
Basic weights for the PPI are revised annually and are as of June 2008 based on Statistics Iceland’s PRODCOM survey for the years 2006 and 2007.
|Monthly changes (%)|
|Annual changes (%)|
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 2008 was 5.0% higher than in the preceding month and 40.5% higher than in June 2007.