Producer and import price index, July 2017:
Producer and import prices increased in July 2017
Statistical news from Statistics Sweden 2017-08-25 9.30
Producer prices in total, as well as import prices, each increased 0.6 percent between June and July. In the same period, prices increased 0.7 percent on the domestic market and 0.4 percent on the export market.
Domestic supply, that is, producer prices on the domestic and import markets together, increased by 0.7 percent from June to July.
Changes during the last month
Higher prices for crude oil accounted for the largest contribution to the upturn on the import market in July. Several product groups, including electricity and basic precious and other non-ferrous metals, contributed to the upturn on the domestic and export market. On the domestic market, higher prices for distribution services for electricity also contributed to the upturn.
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 5.7 percent. Prices on the import and the export market increased by 7.1 percent and by 6.5 percent, respectively. On the domestic market, prices increased by 4.8 percent in the same period. Prices for domestic supply increased by 5.9 percent compared with July last year.
| Total: B–E* | Index | Change, percent (monthly) | Change, percent (yearly) |
|---|---|---|---|
| July 2017, 2005=100 | June 2017– July 2017 | July 2016– July 2017 | |
|
Producer Price Index
|
118.3 | 0.6 | 5.7 |
|
Manufacturing
|
118.3 | 0.3 | 4.9 |
|
Producer Price Index, home sales
|
123.1 | 0.7 | 4.8 |
|
Electricity, gas, heating
|
113.2 | 2.9 | 3.0 |
|
Electricity
|
96.6 | 5.0 | 0.9 |
|
Export Price Index
|
113.8 | 0.4 | 6.5 |
|
Import Price Index
|
112.4 | 0.6 | 7.1 |
|
Price Index for domestic supply
|
117.7 | 0.7 | 5.9 |
|
Consumer goods
|
124.0 | 0.3 | 4.2 |
|
Capital goods
|
107.4 | 0.3 | 2.7 |
|
Intermediate goods
|
126.0 | 0.3 | 7.0 |
|
Energy related goods**
|
110.3 | 3.4 | 9.6 |
* 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 July
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 1.7 percent and against the Norwegian krone by 1.3 percent. The Swedish krona depreciated against the US dollar by 1.1 percent, and against the euro and the Danish krone by 0.2 percent.
| Product group according to SPIN 2007 | Largest contributions, in percentage points, to total percentage change, June–July | ||||
|---|---|---|---|---|---|
| Producer Price Index, home sales | Export Price Index | Import Price Index | |||
|
06.1
|
Crude oil
|
0.4 | |||
|
10
|
Food products
|
0.1 | |||
|
17.1
|
Pulp, paper and paperboard
|
-0.1 | |||
|
20
|
Chemicals and chemical products
|
-0.1 | |||
|
20.16
|
Plastics in primary forms
|
-0.1 | |||
|
24.1
|
Basic iron and steel and ferro-alloys
|
-0.1 | |||
|
24.4
|
Basic precious and other non-ferrous metals
|
0.1 | 0.1 | ||
|
26
|
Computer, electronic and optical products
|
0.1 | |||
|
27
|
Electrical equipment
|
-0.1 | |||
|
28
|
Machinery and equipment n.e.c.
|
0.1 | 0.1 | ||
|
29
|
Motor vehicles, trailers and semi-trailers
|
0.1 | |||
|
35.11
|
Electricity
|
0.2 | 0.1 | ||
|
35.13
|
Distribution services of electricity
|
0.1 | |||
|
35.3
|
Steam and air conditioning supply services
|
0.1 | |||
New product classification
From the publication of indices for April, the Producer and Import Price Index is published according to both SPIN 2007 and SPIN 2015. Price indices according to both product classifications will be available during 2017 and 2018. In 2019, price indices will only be available by SPIN 2015. From the publication of indices for January 2018, the dissemination in the statistical news will be based on SPIN 2015, with base year 2015=100. Users are recommended to start using SPIN 2015 when 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 SPIN:
Next publishing will be
Statistics for August will be published on 2017-09-26 at 9:30.
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.