NEWS RELEASE PRICES 21 JULY 2017

The producer price index (PPI) decreased by 0.7% between May and June 2017. Prices of power intensive industry products decreased by 2.2% (effect on the index 0.7%), prices of food decreased by 0.2% (0.0%), prices of marine products increased by 0.1% (0.0%), and prices for other industry increased by 0.1% (0.0%).

Compared with June 2016, the PPI has decreased by 10.2%. Thereof prices of marine products have decreased by 13.8% and other industry decreased by 22.8%. Prices of power intensive industry products have decreased by 1.4% and prices of food decreased by 2.3% in the same period. When taken into consideration if the products are exported or sold domestically, exported products have decreased in price by 9.5% over one year, but products sold domestically have decreased by 11.6%.

Changes, effects on the index and index level for subgroups are shown in the table below.

Producer Price Index in June 2017
    Monthly changes  
  Index   Effect on Annual
  4. quarter 2005 = 100  %  index % changes %
         
Producer Price Index (PPI) 180.6 -0.7 -0.7 -10.2
By industries        
Marine products 226.5 0.1 0.0 -13.8
Power intensive industry products 173.7 -2.2 -0.7 -1.4
Food production 172.2 -0.2 0.0 -2.3
Other manufacturing industry 138.6 0.1 0.0 -22.8
         
By markets        
Domestic sales 160.0 0.0 0.0 -11.6
Exported products 192.5 -1.1 -0.7 -9.5

Statistics

Further Information

For further information please contact 528 1200 , email framleidsluverd@hagstofa.is

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