Producer and import price index, November 2017:
An upturn for producer- and import prices in November 2017
Statistical news from Statistics Sweden 2017-12-22 9.30
Producer prices in total increased by 1.5 percent between October and November. In the same period, prices increased with 2.0 percent on the export as well as on the import market. Prices on the domestic market made an upturn with 1.0 percent.
Prices on domestic supply, that is, producer prices on the domestic and import markets together, increased by 1.5 percent from October to November.
Changes during the last month
The main contribution to the increase on the domestic market is due to higher prices on electricity and electricity distribution services, which have increased by 2.0 and by 4.0 percent, respectively. On the export market the main contribution was due to higher prices for metals and pulp, paper and paperboard, which increased by 2.9 percent and by 2.1 percent respectively. The development on the import market is mostly due to an increase in prices of crude oil which increased by 11.9 percent.
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 2.7 percent. In the same period, prices on the import market increased by 3.5 percent, on the export market they increased by 2.0 percent and on the domestic market prices increased by 3.4 percent. Prices for domestic supply increased by 3.5 percent compared to the same period last year.
Total: B-E* |
Index | Change, percent (monthly) | Change, percent (yearly) |
|---|---|---|---|
| November 17, 2005=100 | October 17 -November 17 | November 16 -November 17 | |
Producer Price Index |
119.9 | 1.5 | 2.7 |
Manufacturing |
126.1 | 0.7 | 3.5 |
Producer Price Index, home sales |
125.7 | 1.0 | 3.4 |
Electricity, gas, heating |
125.6 | 3.4 | ‑3.3 |
Electricity |
100.6 | 4.1 | ‑13.1 |
Export Price Index |
114.5 | 2.0 | 2.0 |
Import Price Index |
113.6 | 2.0 | 3.5 |
Price Index for domestic supply |
119.6 | 1.5 | 3.5 |
Consumer goods |
122.6 | 0.2 | 1.0 |
Capital goods |
105.9 | 0.4 | ‑0.3 |
Intermediate goods |
126.6 | 1.0 | 4.3 |
Energy related goods** |
126.3 | 7.1 | 10.0 |
* 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 October to November
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 American Dollar by 2.6 percent, against the Norwegian Krona by 0.9 percent and against the Euro and the Danish Krona by 0.5 percent. Although the Swedish Krona appreciated against the English Pound by 0.1 percent.
| Product group according to SPIN 2007 | Largest contributions, in percentage points, to total percentage change, October-November | |||||
|---|---|---|---|---|---|---|
| Producer Price Index, home sales | Export Price Index | Import Price Index | ||||
|
06.1
|
Crude oil
|
0.9 | ||||
|
17.1
|
Pulp, paper and paperboard
|
0.2 | ||||
|
20
|
Chemical and chemical products
|
0.1 | 0.1 | 0.1 | ||
|
24
|
Basic metals
|
0.1 | 0.3 | 0.1 | ||
|
25
|
Fabricated metal products, except machinery and equipment
|
0.1 | ||||
|
27
|
Electrical equipment
|
0.1 | ||||
|
29
|
Motor vehicles, trailers and semi-trailers
|
0.1 | ||||
|
35.11
|
Electricity
|
0.2 | 0.1 | 0.1 | ||
|
35.13
|
Distribution services of electricity
|
0.2 | ||||
|
35.3
|
District heating
|
0.1 | ||||
New product classification
SPIN 2015 in the statistical database. Both product classifications will be available during 2017 and 2018. In 2019, price indices will only be available according to SPIN 2015. Users are recommended to start using SPIN 2015 when it is 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:
Standard för svensk produktindelning efter näringsgren (SPIN)
Next publishing will be
Statistics for December will be published on 2018-01-25 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.