News
Friday - 27 July 2012
No. 136/2012
Producer prices decrease by 1.2% from previous month
The producer price index (PPI) in June 2012 was 216.5 points (4. quarter 2005 = 100), 1.2% lower than in the previous month. The PPI for fish products was 271.3 points which is 0.7% lower than in May 2012 (effect on the index -0.2%) and the PPI for power intensive industry products was 232.6 points, 2.0% lower (-0.7%). The PPI for food products decreased by 0.3% (-0.1%) and the PPI for other manufactured products declined by 1.0% (-0.2%).
The PPI for domestically sold products was 0.1% lower than in the previous month while the index for exported products declined by 1.5% (-1.2%).
Compared to June 2011 the PPI has decreased by 0.7%. The PPI for fish products rose by 6.9% and the PPI for power intensive industry products decreased by 12.7%. In the same period the PPI for food products rose by 3.7%.
Basic weights for the PPI are revised annually and are as of June 2012 based on Statistics Iceland’s PRODCOM survey for the years 2010 and 2011.
| Monthly changes (%) | ||||||
| Power | ||||||
| intensive | ||||||
| Marine | industry | Food | Domestic | Exported | ||
| PPI | products | products | production | sales | products | |
| 2011 | ||||||
| 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 |
| 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 |
| Annual changes (%) | ||||||
| Power | ||||||
| intensive | ||||||
| Marine | industry | Food | Domestic | Exported | ||
| PPI | products | products | production | sales | products | |
| 2011 | ||||||
| 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 |
| 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 |
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 2012 was 1.3% lower than in the preceding month but 0.6% higher than in June 2011.
Statistics