Thursday - 30 July 2009
Producer price index in June 2009
The producer price index (PPI) in June 2009 was 169.9 points (4. quarter 2005 = 100), 1.1% higher than in the previous month. The PPI for fish products was 217.6 points which is 0.7% higher than in May 2009 (effect on the index 0.4%) and the PPI for power intensive industry products was 169.2 points, 2.7% higher (0.7%). The PPI for food products was 0.9% (0.1%) higher than in May and the PPI for other manufactured products decreased by 0.4% (-0.1%).
The PPI for domestically sold products was 0.4% higher (0.1%) than in the previous month while the index for exported products increased 1.5% (1.0%).
From June 2008 the PPI has increased by 11.0%. The PPI for fish products has increased by 25.6% and the PPI for power intensive industry products has decreased by 13.3%. In the same period the PPI for food products rose by 14.2%.
Basic weights for the PPI are revised annually and are as of June 2009 based on Statistics Iceland’s PRODCOM survey for the years 2007 and 2008.
|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 2009 was 2.7% higher than in the preceding month whereas it was 44.2% higher than in June 2008.