NEWS RELEASE PRICES 30 MARCH 2011

The producer price index (PPI) in February 2011 was 207.5 points (4. quarter 2005 = 100), 2.7% higher than in the previous month. The PPI for fish products was 238.5 points which is 2.4% higher than in January 2011 (effect on the index 0.9%) and the PPI for power intensive industry products was 255.8 points, 3.4% (1.3%) higher than in January 2011. The PPI for food products rose by 1.0% (0.1%) and the PPI for other manufactured products increased by 2.9% (0.4%).

The PPI for domestically sold products was 1.2% (0.3%) higher than in the previous month while the index for exported products increased by 3.1% (2.4%).

Compared to February 2010 the PPI has increased by 2.7%. The PPI for fish products has increased by 4.7% and the PPI for power intensive industry products has increased by 1.5%. In the same period the PPI for food products rose by 3.3%.

Monthly changes (%)
Power 
intensive
Marine industry Food  Domestic Exported
  PPI products  products production sales products
2010
February 0.8 -1.0 3.9 0.4 -0.3 1.2
March -2.7 0.7 -8.0 -0.5 0.5 -3.7
April 2.5 -0.5 7.0 0.5 0.4 3.2
May 1.2 -1.9 6.4 0.1 -0.6 1.8
June -5.4 -1.1 -11.5 0.3 -0.5 -7.0
July -3.3 -0.2 -8.2 0.4 -0.2 -4.2
August -0.9 -3.1 -0.5 -0.2 1.3 -1.5
September 2.3 3.7 3.8 -0.1 -0.5 3.1
October -0.1 1.0 -2.0 1.2 1.4 -0.5
November 3.1 0.6 8.8 0.5 -0.7 4.1
Desember 1.7 0.0 2.5 0.0 1.3 1.8
2011
January 2.1 3.5 2.2 0.0 -0.3 2.7
February 2.7 2.4 3.4 1.0 1.2 3.1

Annual changes (%)
Power 
intensive
Marine industry Food  Domestic Exported
  PPI products  products production sales products
2010
February 29.8 20.5 67.8 3.2 3.9 41.9
March 28.4 22.6 62.8 2.9 4.3 40.0
April 22.8 9.5 58.1 3.2 4.8 30.6
May 21.4 3.6 60.3 3.2 4.8 28.2
June 13.5 1.7 38.1 2.6 3.8 17.5
July 6.1 0.1 17.8 2.5 2.3 7.8
August 1.8 -4.8 11.5 1.1 1.7 2.2
September 1.4 0.8 3.2 0.8 2.0 1.3
October 1.0 -2.2 5.8 3.0 3.0 0.5
November 2.9 -2.6 12.8 3.3 1.6 3.3
December 2.6 -3.6 11.0 3.2 3.1 2.4
2011
January 0.9 1.3 1.9 2.7 1.7 0.3
February 2.7 4.7 1.5 3.3 3.2 2.2

In evaluating the price changes accounted for here, it may be taken into consideration that the trade-weighted average price of foreign exchange in February 2011 was 1.6% higher than in the preceding month whereas it was 7.7% lower than in February 2010.

Statistics

Further Information

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

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