Producer and import price index, May 2017:
Producer prices unchanged in May 2017
Statistical news from Statistics Sweden 2017-06-27 9.30
Producer prices remained unchanged between April and May. In the same period, prices increased 0.5 percent on the export market and 0.3 percent on the import market. Prices decreased 0.6 percent on the domestic market.
Domestic supply, that is, producer prices on the domestic and import markets together, decreased by 0.2 percent from April to May.
Changes during the last month
On the export market, increased prices for motor vehicles, trailers and semi-trailers and pulp, paper and paperboard contributed to the upturn. Increased prices for food products and computers, electronic and optical products contributed to the upturn on the import market. The upturn was counteracted by lower prices for crude oil. On the domestic market, a seasonal decrease in price for district heating 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 7.2 percent, which is the same as in April. Prices on the export and the import market increased by 9.2 and 8.4 percent, respectively. On the domestic market, prices increased by 5.1 percent in the same period. Prices for domestic supply increased by 6.7 percent compared with May last year.
Total: B-E* |
Index | Change, percent (monthly) | Change, percent (yearly) |
|---|---|---|---|
| May 17, 2005=100 | April 17 - May 17 | May 16 - May 17 | |
Producer Price Index |
118.5 | 0.0 | 7.2 |
Manufacturing |
118.4 | 0.4 | 6.2 |
Producer Price Index, home sales |
122.7 | ‑0.6 | 5.1 |
Electricity, gas, heating |
113.5 | ‑5.3 | 5.4 |
Electricity |
95.2 | 1.5 | 8.2 |
Export Price Index |
114.6 | 0.5 | 9.2 |
Import Price Index |
112.4 | 0.3 | 8.4 |
Price Index for domestic supply |
117.5 | ‑0.2 | 6.7 |
Consumer goods |
123.2 | 0.7 | 4.8 |
Capital goods |
106.7 | 0.5 | 3.0 |
Intermediate goods |
125.5 | 0.5 | 8.0 |
Energy related goods** |
112.7 | ‑4.0 | 12.8 |
* 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 May
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 British pound by 4.6 percent, against the US dollar by 1.7 percent, against the Norwegian krone by 1.4 percent and against the Danish krone and the euro by 1.0 percent respectively.
| Product group according to SPIN 2007 | Largest contributions, in percentage points, to total percentage change, April - May | |||||
|---|---|---|---|---|---|---|
| Producer Price Index, home sales | Export Price Index | Import Price Index | ||||
|
06.1
|
Crude oil
|
-0.3 | ||||
|
10
|
Food products
|
0.1 | 0.1 | |||
|
17.1
|
Pulp, paper and paperboard
|
0.1 | 0.1 | |||
|
20.14
|
Other organic basic chemicals
|
0.1 | ||||
|
26
|
Computer, electronic and optical products
|
0.2 | 0.1 | |||
|
28
|
Machinery and equipment n.e.c.
|
0.1 | ||||
|
28.15
|
Bearings, gears, gearing and driving elements
|
-0.1 | ||||
|
29
|
Motor vehicles, trailers and semi-trailers
|
0.1 | 0.1 | |||
|
35.11
|
Electricity
|
0.1 | ||||
|
35.3
|
Steam and air conditioning supply services
|
-0.7 | ||||
|
38
|
Waste collection, treatment and disposal activities; materials recovery
|
-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 June will be published on 2017-07-25 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.