Producer and import price index, February 2017:
Producer prices decreased in February 2017
Statistical news from Statistics Sweden 2017-03-28 9.30
Producer prices decreased by 0.8 percent between January and February. In the same period, prices decreased by 1.7 percent on the import market and by 1.6 percent on the export market, mainly due to an appreciation of the Swedish krona. Prices were unchanged on the domestic market.
Lower prices in several product groups contributed to the downturn on the import and the export market. On the import market, lower prices on crude oil, food, computers and other equipment accounted for the largest contribution to the decrease. On the export market, lower prices for other machines contributed most to the downturn. A stronger krona has largely contributed to price declines.
Prices for domestic supply decreased in February
Domestic supply, that is, producer prices on the domestic and import markets together, decreased by 0.8 percent from January to February. Prices increased by 7.8 percent compared with February last year.
Compared with February last year, producer prices have increased by 7.5 percent. In the same period, prices on the export market and the import market increased by 8.5 percent and by 9.3 percent respectively. On the domestic market, prices increased by 6.2 percent in the same period.
| Total: B-E* | Index | Change, percent (monthly) | Change, percent (yearly) |
|---|---|---|---|
| February 17, 2005=100 | January 17 - February 17 | February 16 -February 17 | |
|
Producer Price Index
|
118.9 | ‑0.8 | 7.5 |
|
Manufacturing
|
117.8 | ‑0.8 | 6.1 |
|
Producer Price Index, home sales
|
124.4 | 0.0 | 6.2 |
|
Electricity, gas, heating
|
132.1 | 0.2 | 7.7 |
|
Electricity
|
99.4 | 0.8 | 18.2 |
|
Export Price Index
|
113.7 | ‑1.6 | 8.5 |
|
Import Price Index
|
112.5 | ‑1.7 | 9.3 |
|
Price Index for domestic supply
|
118.4 | ‑0.8 | 7.8 |
|
Consumer goods
|
121.5 | ‑0.8 | 2.7 |
|
Capital goods
|
105.8 | ‑1.1 | 0.8 |
|
Intermediate goods
|
124.4 | ‑0.6 | 6.1 |
|
Energy related goods**
|
125.5 | ‑1.3 | 33.9 |
* 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 February
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 British Pound by 4.8 percent, against the US dollar by 4.6 percent, against the Norwegian Krone by 2.2 percent, against the Danish Krone by 2.1 percent, and against the Euro by 2.0 percent.
| Product group according to SPIN 2007 | Largest contributions, in percentage points, to total percentage change, January - February | |||||
|---|---|---|---|---|---|---|
| Producer Price Index, home sales | Export Price Index | Import Price Index | ||||
|
06.1
|
Crude oil
|
-0.3 | ||||
|
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 | ||||
|
20.16
|
Plastic in prmary forms
|
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
|
-0.1 | -0.3 | |||
|
27
|
Electrical equipment
|
-0.1 | -0.1 | |||
|
28
|
Machinery and equipment
|
-0.3 | -0.3 | |||
|
29
|
Motor vehicles, trailers and semi-trailers
|
-0.2 | -0.1 | |||
|
38.1
|
Waste: waste collection services
|
0.1 | ||||
Next publishing will be
Statistics for March will be published on 2017-04-27 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.