Press release from Statistics Sweden

2012-06-26 9:30 AM Nr 2012:767

Producer and Import Price Index, May 2012:

Oil lowers import prices

Producer prices on the domestic market decreased from April to May by 0.9 percent. During the same period import prices fell 1.8 percent and export prices fell 0.3 percent. In total producer prices decreased 0.5 percent.

On the domestic market a seasonally normal decrease in prices for district heating contributed with 0.8 percentage points. On the export market a decrease in prices for refined petroleum products contributed with 0.3 percentage points, and on the import market lower prices for crude oil contributed 1.0 percentage points to the downturn.

Prices for domestic supply, that is, domestic and import markets together, decreased 1.3 percent on average from April to May.

Compared to May of last year producer prices have increased 0.3 percent. During the same period prices increased 0.9 percent on the export market and 0.1 percent on the import market. Prices on the domestic market have decreased 0.3 percent and prices for domestic supply have decreased 0.2 percent.

Total: B-E*
Index
Change, percent (monthly)
Change, percent (yearly)
 
May 12, 2005=100
April 12 - May 12
May 11 - May 12
Producer Price Index
116.5
-0.5
0.3
of which - Manufacturing
 116.0 -0.2 1.5
Producer Price Index, home sales
120.3
-0.9
-0.3
of which - Electricity, gas, heating
 119.4 -5.8 -13.2
- Electricity
 123.9 -1.4 -25.7
Export Price Index
112.8
-0.3
0.9
Import Price Index
114.5
-1.8
0.1
Price Index for domestic supply
117.4
-1.3
-0.2
of which - Consumer goods
 113.8 -0.3 2.4
- Capital goods
 100.1 -0.1 0.2
- Intermediate goods
 122.9 -0.2 -0.8
- Energy related goods**
 146.7 -5.5 -1.7

* Products from mining and quarrying, manufactured products, electricity, gas, heating, cooling, water and waste collection.

** Subgroups 05, 06, 19, 35 and 36: Energy minerals (mainly crude oil), coal, refined petroleum products, nuclear fuel, electricity, gas, heating, cooling and water.

Changes in exchange rates in May

An appreciation or depreciation of the Swedish currency has a tendency to respectively lower or raise export and import prices in Swedish kronor. According to the Swedish Customs exchange rates, the Swedish krona appreciated from April to May against the Euro by 0.7 percent and against the Danish krone by 0.7 percent. The Swedish krona depreciated against the US dollar by 1.0 percent, the British pound by 0.6 percent and against the Norwegian krone by 0.5 percent.

Product group according to SPIN 2007
Largest contributions, in percentage points, to total percentage change, April - May
   
Producer Price Index, home sales
Export Price Index
Import Price Index
6.1
Crude oil
     -1.0
10
Food products
 0.1    
13.9
Other textiles
     -0.1
17.1
Pulp, paper and paperboard
   0.1  
19.2
Refined petroleum products
 -0.1 -0.3 -0.5
22.2
Plastic products
   0.1  
24
Metals
     -0.1
24.4
Basic precious and other non-ferrous metals
   -0.1  
26
Computer, electronic and optically products
   -0.1  
31
Furniture
     -0.1
35.11
Electricity
 -0.1    
35.3
District heating
 -0.8    

Next publishing will be

Producer and Import Price Index for June 2012 will be published 2012-07-26 at 09:30.

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Statistics Sweden, Prices
Box 24 300
SE-104 51 Stockholm, Sweden
Fax +46 8 506 94 60


Enquiries

Erik Hillström
Phone +46 8 506 945 04
E-mail firstname.lastname@scb.se

Maria Ädel
Phone +46 8 506 947 16
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