Press release from Statistics Sweden

2012-07-26 9:30 AM Nr 2012:783

Producer and Import Price Index, June 2012:

Oil reduces producer prices

Producer prices on the domestic market decreased from May to June by 0.4 percent. During the same period import prices increased by 0.3 percent and export prices by 0.7 percent. In total producer prices increased 0.2 percent.

A decrease in prices for crude oil as well as related products such as refined petroleum products reduced prices on all markets. On the import- and export market this was counteracted by a depreciation of the Swedish krona, mainly against the US dollar. Besides from the exchange rate effect small changes on a few product groups contributed to the increase.

Prices for domestic supply, that is, domestic and import markets together, decreased 0.1 percent on average from May to June.

Compared to June of last year producer prices have increased 0.4 percent. During the same period prices increased 1.2 percent on the export market. On the import market prices have decreased by 0.3 percent, on the domestic market by 0.5 percent and prices for domestic supply have decreased 0.4 percent.

Total: B-E*
Index
Change, percent (monthly)
Change, percent (yearly)
 
June 2012, 2005=100
May 2012 - June 2012
June 2011 - June 2012
Producer Price Index
116.7
0.2
0.4
of which
- Manufacturing
 116.3 0.3 1.4
Producer Price Index, home sales
119.8
-0.4
-0.5
of which
- Electricity, gas, heating
 116.5 -2.4 -12.5
- Electricity
 121.9 -1.6 -22.8
Export Price Index
113.6
0.7
1.2
Import Price Index
114.8
0.3
-0.3
Price Index for domestic supply
117.3
-0.1
-0.4
of which
- Consumer goods
 114.9 1.0 2.9
- Capital goods
 101.3 1.2 1.2
- Intermediate goods
 124.1 1.0 -0.3
- Energy related goods**
 140.5 -4.2 -5.2

* 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 June

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 depreciated from May to June against the US dollar by 5.2 percent, against the British pound by 4.6 percent, against the Danish krone by 2.5 percent, against the Euro by 2.4 percent, and against the Norwegian krone by 1.7 percent.

Product group
according to
SPIN 2007
Largest contributions, in percentage points, to total percentage change, May - June
   
Producer Price Index, home sales
Export Price Index
Import Price Index
6.1
Crude oil
     -0.7
10
Food products
 0.1   0.1
14
Other textiles
     0.1
17.1
Pulp, paper and paperboard
 0.1 0.1  
19.2
Refined petroleum products
 -0.3 -0.6 -0.4
20
Chemicals and chemical products
   0.1 0.1
22
Rubber and plastic products
     0.1
24.1
Basic iron and steel and ferro-alloys
   0.1  
25
Fabricated metal products, except machinery and equipment
   0.1  
26
Computer, electronic and optical products
     0.3
26.51
Instruments and appliances for measuring, testing and navigation
   0.1  
27
Electrical equipment
   0.1 0.1
28
Machinery and equipment n.e.c
   0.2 0.2
29.1
Motor vehicles
   0.1 0.1
32
Other manufacturing
     0.1
35.11
Electricity
 -0.1    
35.3
District heating
 -0.2    

Next publishing will be

Producer and Import Price Index for July 2012 will be published 2012-08-27 at 09:30.

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Statistical agency and producer

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


Enquiries

Maria Ädel
Phone +46 8 506 947 16
E-mail firstname.lastname@scb.se

Marcus Fridén
Phone +46 8 506 943 19
E-mail firstname.lastname@scb.se




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