Producer and import price index, April 2018:
Higher energy prices affect import and export prices in April
Statistical news from Statistics Sweden 2018-05-24 9.30
Producer prices increased by 0.6 percent between March and April. In the same period, prices increased by 1.9 percent on the import market and by 1.7 percent on the export market. On the domestic market, prices decreased by 0.6 percent.
Domestic supply prices, that is, producer prices on the domestic and import markets together, increased by 0.6 percent between March and April.
Changes during the last month
On the export market, mainly higher prices on pulp, paper and paperboard contributed to the upturn, as well as higher prices on basic metals, machinery and equipment and motor vehicles, trailers and semi-trailers. The main contribution to the increase on the import market was higher crude oil prices. The increase was offset by lower electricity prices on all markets. On the domestic market, a seasonal normal downturn on prices on district heating contributed primarily to the decrease.
Changes during the last year
The annual rate has increased on all markets during 2018, in particular on the export market and import market. The annual rate of producer prices, that is, producer prices on the domestic and export markets together, increased by 4.9 percent. In the same period, prices increased by 6.5 percent on the import market and by 5.6 percent on the export market, which are the highest annual rates since July 2017. Domestic supply prices increased by 5.4 percent on an annual basis. On the domestic market, prices increased by 4.1 percent.
| Total: B-E* | Index | Change, percent (monthly) | Change, percent (yearly) |
|---|---|---|---|
| April 2018, 2015=100 | March 18– April 18 | April 17– April 18 | |
|
Producer Price Index
|
109.1 | 0.6 | 4.9 |
|
Manufacturing
|
107.5 | 1.4 | 4.8 |
|
Producer Price Index, home sales
|
108.5 | ‑0.6 | 4.1 |
|
Electricity, gas, heating
|
113.5 | ‑9.3 | 8.0 |
|
Electricity
|
125.1 | ‑6.4 | 22.9 |
|
Export Price Index
|
109.5 | 1.7 | 5.6 |
|
Import Price Index
|
109.3 | 1.9 | 6.5 |
|
Price Index for domestic supply
|
109.0 | 0.6 | 5.4 |
|
Consumer goods
|
105.0 | 0.5 | 1.4 |
|
Capital goods
|
103.4 | 0.4 | 2.0 |
|
Intermediate goods
|
109.6 | 1.2 | 6.2 |
|
Energy related goods**
|
122.4 | 0.7 | 16.5 |
* 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 from March to April
An appreciation or depreciation of the Swedish currency has a tendency to lower or raise export and import prices in Swedish krona. According to Swedish Customs’ exchange rates, the Swedish krona depreciated against the Norwegian krona by 3.0 percent, against the British pound by 2.3 percent, against US dollar by 1.4 percent, against the euro by 1.1 percent and against the Danish krona by 1.0 percent.
| Product group according to SPIN 2015 | Largest contributions, in percentage points, to total percentage change, March–April | |||||
|---|---|---|---|---|---|---|
| Producer Price Index, home sales | Export Price Index | Import Price Index | ||||
|
06.1
|
Crude oil
|
0.7 | ||||
|
06.2
|
Natural gas, liquefied or in gaseous state
|
-0.1 | ||||
|
10
|
Food products
|
0.1 | ||||
|
16.1
|
Wood, sawn and planed
|
0.1 | 0.1 | |||
|
17.1
|
Pulp, paper and paperboard
|
0.3 | ||||
|
20
|
Chemical and chemical products
|
0.1 | 0.1 | |||
|
24
|
Basic metals
|
0.1 | 0.2 | 0.1 | ||
|
25
|
Fabricated metal products, except machinery and equipment
|
0.1 | ||||
|
26
|
Computer, electronic and optical products
|
0.1 | ||||
|
27
|
Electrical equipment
|
0.1 | 0.1 | |||
|
27.9
|
Other electrical equipment
|
0.1 | ||||
|
28
|
Machinery and equipment n.e.c.
|
0.2 | 0.1 | |||
|
29
|
Motor vehicles, trailers and semi-trailers
|
0.1 | 0.1 | |||
|
35.11
|
Electricity
|
-0.3 | -0.2 | -0.1 | ||
|
35.13
|
Distribution services of electricity
|
-0.1 | ||||
|
35.3
|
Steam and air conditioning supply services
|
-0.8 | ||||
|
38
|
Waste collection, treatment and disposal services; materials recovery services
|
-0.1 | ||||
Definitions and explanations
New product classification
Producer and Import Price Index is reported in accordance with both SPIN 2007 and SPIN 2015 in the statistical database. Both product classifications will be available during 2018. In 2019, price indices will only be available in accordance with SPIN 2015. Users are recommended to start using SPIN 2015. The differences between the two classifications are minor. For more information on both classifications (available only in Swedish), please see:
Standard för svensk produktindelning efter näringsgren (SPIN)
Next publishing will be
Statistics for May will be published on 2018-06-26 at 09:30.
Statistical Database
More information is available in the Statistical Database
Feel free to use the facts from this statistical news but remember to state Source: Statistics Sweden.