Producer and import price index, January 2017:
Producer prices increased in January
Statistical news from Statistics Sweden 2017-02-28 9.30
Producer prices increased 0.6 percent between December and January. In the same period, prices increased 0.8 percent on the import market and the domestic market. On the export market prices increased 0.3 percent.
Higher crude oil prices accounted for the largest contribution to the upturn on the import market in January. On the export market, higher prices for basic metals contributed to the increase. Increases were partly offset in the export market by a fall in prices for motor vehicles, trailers and semi-trailers. On the domestic market, higher prices on distribution services of electricity contributed to the increase. This increase was partly offset by the decrease in the price of electricity.
Prices for domestic supply continues to increase
Domestic supply, that is, producer prices on the domestic and import markets together, increased 0.8 percent from December to January and 8.5 percent compared with January last year.
Compared with January last year, producer prices have increased 8.2 percent. In the same period, prices on the export market and the import market increased 10.6 percent and 11.3 percent respectively. A part of the increase can be explained by the depreciation of the Swedish krona against other major currencies. On the domestic market, prices increased 5.8 percent in the same period.
Total: B-E* |
Index | Change, percent (monthly) | Change, percent (yearly) |
|---|---|---|---|
| January 17, 2005=100 | December 16 - January 17 | January 16 -January 17 | |
Producer Price Index |
119.8 | 0.6 | 8.2 |
Manufacturing |
118.8 | 0.7 | 7.5 |
Producer Price Index, home sales |
124.4 | 0.8 | 5.8 |
Electricity, gas, heating |
131.9 | ‑0.5 | 2.4 |
Electricity |
98.6 | ‑4.6 | ‑0.6 |
Export Price Index |
115.5 | 0.3 | 10.6 |
Import Price Index |
114.4 | 0.8 | 11.3 |
Price Index for domestic supply |
119.4 | 0.8 | 8.5 |
Consumer goods |
122.5 | 0.2 | 4.1 |
Capital goods |
107.0 | ‑0.3 | 2.4 |
Intermediate goods |
125.2 | 1.5 | 7.0 |
Energy related goods** |
127.2 | 1.8 | 30.7 |
* 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 January
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 depreciated against the US dollar by 1.3 percent and against the British Pound by 1.0 percent. The Swedish krona appreciated against the Euro and the Danish Krone by 0.7 percent, and against the Norwegian Krone by 0.4 percent.
| Product group according to SPIN 2007 | Largest contributions, in percentage points, to total percentage change, December - January | |||||
|---|---|---|---|---|---|---|
| Producer Price Index, home sales | Export Price Index | Import Price Index | ||||
|
06.1
|
Crude oil
|
0.2 | ||||
|
10
|
Food products
|
0.1 | 0.1 | |||
|
17
|
Paper and paper products
|
-0.1 | ||||
|
20
|
Chemicals and chemical products
|
0.1 | 0.2 | |||
|
24
|
Basic Metals
|
0.1 | 0.3 | 0.2 | ||
|
25
|
Fabricated metal products, except machinery and equipment
|
0.2 | ||||
|
26
|
Computer, electronic and optical products
|
-0.1 | 0.2 | |||
|
28
|
Machinery and equipment
|
0.1 | -0.1 | |||
|
29
|
Motor vehicles, trailers and semi-trailers
|
-0.2 | -0.1 | |||
|
35.11
|
Electricity
|
-0.2 | -0.1 | |||
|
35.13
|
Distribution services of electricity
|
0.2 | ||||
|
38
|
Waste collection, treatment and disposal services; materials recovery services
|
0.1 | ||||
Next publishing will be
Statistics for February will be published on 2017-03-28 at 09.30.
Feel free to use the facts from this statistical news but remember to state Source: Statistics Sweden.