Producer and import price index, August 2017:
Producer prices decreased in August 2017
Statistical news from Statistics Sweden 2017-09-26 9.30
Producer prices decreased by 0.8 percent between July and August. In the same period, prices decreased by 1.8 percent on the export market and by 1.3 percent on the import market, mainly due to an appreciation of the Swedish krona. Prices were unchanged on the domestic market.
Domestic supply, that is, producer prices on the domestic and import markets together, decreased by 0.7 percent from July to August.
Changes during the last month
A stronger krona has largely contributed to price declines on the import and export market. On the export market, lower prices for machinery and equipment contributed to the downturn. On the import market, several product groups contributed to the downturn.
Changes during the last year
In the last year, producer prices, that is producer prices on the domestic and export markets together, have increased by 3.8 percent. In the same period, prices on the import and the export market increased by 3.7 percent and by 3.0 percent, respectively. On the domestic market, prices increased by 4.3 percent, higher prices of petroleum products contribute here by 0.8 percentage points. Prices for domestic supply increased by 4.0 percent compared to the same period last year.
| Total: B-E* | Index | Change, percent (monthly) | Change, percent (yearly) |
|---|---|---|---|
| August 17, 2005=100 | July 17 - August 17 | August 16 - August 17 | |
|
Producer Price Index
|
117.3 | ‑0.8 | 3.8 |
|
Manufacturing
|
117.0 | ‑1.1 | 2.8 |
|
Producer Price Index, home sales
|
123.1 | 0.0 | 4.3 |
|
Electricity, gas, heating
|
114.7 | 1.3 | 3.4 |
|
Electricity
|
100.6 | 4.1 | 2.9 |
|
Export Price Index
|
111.8 | ‑1.8 | 3.0 |
|
Import Price Index
|
110.9 | ‑1.3 | 3.7 |
|
Price Index for domestic supply
|
116.9 | ‑0.7 | 4.0 |
|
Consumer goods
|
122.7 | ‑1.0 | 2.5 |
|
Capital goods
|
106.1 | ‑1.2 | 0.6 |
|
Intermediate goods
|
124.9 | ‑0.9 | 4.7 |
|
Energy related goods**
|
111.4 | 1.0 | 8.4 |
* 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 July to August
An appreciation or depreciation of the Swedish currency has a tendency to lower or raise export and import prices in Swedish kronor. According to Swedish Customs exchange rates, the Swedish krona appreciated against the US dollar by 5.7 percent, against the British pound by 2.5 percent, against the euro by 2.3 percent, against the Danish Krone by 2.2 percent and the Norwegian krone by 0.2 percent.
| Product group according to SPIN 2007 | Largest contributions, in percentage points, to total percentage change, July - August | |||||
|---|---|---|---|---|---|---|
| Producer Price Index, home sales | Export Price Index | Import Price Index | ||||
|
06
|
Crude petroleum and natural gas
|
0.1 | ||||
|
10
|
Food products
|
-0.1 | -0.2 | |||
|
14
|
Wearing apparel
|
-0.1 | ||||
|
17.1
|
Pulp, paper and paperboard
|
-0.2 | ||||
|
20
|
Chemicals and chemical products
|
-0.1 | -0.2 | |||
|
24.1
|
Basic iron and steel and ferro-alloys
|
-0.2 | -0.1 | |||
|
25
|
Fabricated metal products, except
machinery and equipment |
-0.1 | -0.1 | |||
|
26
|
Computer, electronic and optical products
|
-0.1 | -0.2 | |||
|
27
|
Electrical equipment
|
-0.1 | -0.1 | |||
|
28
|
Machinery and equipment n.e.c.
|
-0.1 | -0.3 | -0.2 | ||
|
29
|
Motor vehicles, trailers and semi-trailers
|
-0.2 | -0.2 | |||
|
35.11
|
Electricity
|
0.2 | 0.1 | |||
|
38.1
|
Waste; waste collection services
|
0.1 | ||||
New product classification
Producer and Import Price Index is published according to both SPIN 2007 and SPIN 2015 in the statistical database. Both product classifications will be available during 2017 and 2018. In 2019, price indices will only be available according to SPIN 2015. Users are recommended to start using SPIN 2015 when it is available.
The differences between the two classifications are small. Most changes occur within divisions in Sections A-E. For more information on both classifications (available only in Swedish), please see:
Standard för svensk produktindelning efter näringsgren (SPIN)
Next publishing will be
2017-10-26 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.