Icelandic Producer Prices Rebound In August

Sep 27, 2007 - Iceland's producer prices index or, PPI rose 4.8% to 121.0 points in August, the Statistics Iceland said Thursday. In the previous month the index fell 2.3%. The official data showed that this is the biggest monthly increase in 2007.

In August, the PPI for fish products increased 5.7% compared to July, while producer prices for power intensive industry products were up 9.1%. The PPI rose 3.5% for other manufactured products. Meanwhile, the PPI for food products declined 0.1%.

In August, producer prices for domestically sold products climbed 0.7%. The index rose 7.3% for exported products.

Compared to the same month of last year, the PPI edged up 0.2% versus a decrease of 6.5% in the prior month.