Producer and import price index, August 2018:
Producer prices remained unchanged in August 2018
Statistical news from Statistics Sweden 2018-09-25 9.30
The Producer Price Index in total remained unchanged between July and August 2018. In the same period, import prices fell by 0.4 percent while the export market increased by 0.1 percent. On the domestic market, prices remained unchanged.
Domestic supply prices, that is, producer prices on the domestic and import markets together, decreased by 0.2 percent between July and August.
Changes during the last year
The Producer Price Index, that is, producer prices on the domestic and export markets together, increased by 9.3 percent from August 2017 to August 2018. In the same period, prices increased by 12.3 percent on the import market and by 12.0 percent on the export market.
During the past year, higher crude oil prices have affected the import price index upwards, the annual change in crude oil prices in August was 51.1 percent. The annual percentage change in electricity prices on the export market amounted to 77.7 percent.
Domestic supply prices have increased by 9.6 percent on an annual basis. On the domestic market, prices have increased by 6.9 percent.
Changes during the last month
Continued increases in electricity prices contributed to the increase on the export market. On the other hand, the upturn was slightly counteracted by lower prices for waste collection, treatment and disposal services and basic precious and other non-ferrous metals.
Lower prices of crude oil, as well as for computers and peripheral equipment, contributed to the decrease of the import price index during the last month. The decline was slightly offset by higher prices for chemicals and chemical products.
| Total: B-E* | Index | Change, percent (monthly) | Change, percent (yearly) |
|---|---|---|---|
| August 18, 2015=100 | July 18 - August 18 | August 17 - August 18 | |
|
Producer Price Index
|
112.5 | 0.0 | 9.3 |
|
Manufacturing
|
110.7 | 0.0 | 8.7 |
|
Producer Price Index, home sales
|
111.1 | 0.0 | 6.9 |
|
Electricity, gas, heating
|
117.5 | 1.8 | 16.8 |
|
Electricity
|
158.7 | 4.1 | 45.3 |
|
Export Price Index
|
113.9 | 0.1 | 12.0 |
|
Import Price Index
|
114.0 | ‑0.4 | 12.3 |
|
Price Index for domestic supply
|
112.7 | ‑0.2 | 9.6 |
|
Consumer goods
|
106.4 | ‑0.4 | 2.5 |
|
Capital goods
|
105.4 | ‑0.3 | 4.0 |
|
Intermediate goods
|
112.9 | 0.1 | 9.4 |
|
Energy related goods**
|
133.9 | ‑0.1 | 34.3 |
* 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 2018
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 appreciated against the British pound by 1.0 percent, against the US dollar and the Norwegian krona by 0.5 percent, and against the Danish krona and the euro by 0.1 percent.
| Product group according to SPIN 2015 | Largest contributions, in percentage points, to total percentage change, July - August | |||||
|---|---|---|---|---|---|---|
| Producer Price Index, home sales | Export Price Index | Import Price Index | ||||
|
06.1
|
Crude oil
|
-0.3 | ||||
|
16.1
|
Wood, sawn and planed
|
0.1 | ||||
|
20
|
Chemical and chemical products
|
0.1 | ||||
|
24.4
|
Basic precious and other non-ferrous metals
|
-0.1 | ||||
|
26.20
|
Computers and peripheral equipment
|
-0.1 | ||||
|
35.11
|
Electricity
|
0.2 | 0.1 | |||
|
38
|
Waste collection, treatment and disposal services; materials recovery services
|
-0.2 | -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 September will be published on 2018-10-25 at 09:30 am.
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.