Producer and import price index, April 2019
Lower producer prices and unchanged import prices in April
Statistical news from Statistics Sweden 2019-05-24 9.30
The Producer Price Index decreased by 0.7 percent between March and April 2019. In the same period, prices decreased on the export market by 0.7 percent. The prices on the import market remained unchanged. Prices decreased by 0.9 percent on the domestic market. Domestic supply prices, that is, producer prices on the domestic and import markets together, decreased by 0.4 percent between March and April.
Changes during the last month
The main contributor to the downturn on the export market was lower prices for paper and paper products. On the domestic market, a seasonally normal price decrease on district heating was the main contributor to the downturn. A continued increase in crude oil prices contributed on the import market. This upward contribution was offset by lower prices on chemicals and chemical products, communication equipment and motor vehicles, trailers and semi-trailers. The import market in total remained unchanged in April.
Changes during the last year
The Producer Price Index annual rate in April was 4.9 percent (6.3 percent in March). On the export and import market, the annual rate was 5.8 percent and 5.2 percent respectively, and on the domestic market 4.1 percent. The annual rate of the domestic supply prices was 4.7 percent.
| Total: B–E* | Index | Change, percent (monthly) |
Change, percent (yearly) |
|---|---|---|---|
| April 2019, 2015=100 |
March 2019– April 2019 |
April 2018– April 2019 |
|
| Producer Price Index | 114.5 | ‑0.7 | 4.9 |
| Manufacturing | 112.6 | ‑0.3 | 4.7 |
| Producer Price Index, home sales | 113.0 | ‑0.9 | 4.1 |
| Electricity, gas, heating | 120.4 | ‑7.2 | 6.1 |
| Electricity | 143.0 | 0.0 | 14.3 |
| Export Price Index | 115.9 | ‑0.7 | 5.8 |
| Import Price Index | 115.0 | 0.0 | 5.2 |
| Price Index for domestic supply | 114.1 | ‑0.4 | 4.7 |
| Consumer goods | 108.4 | ‑0.1 | 3.2 |
| Capital goods | 107.3 | ‑0.5 | 3.8 |
| Intermediate goods | 114.6 | ‑0.3 | 4.6 |
| Energy related goods** | 133.4 | ‑0.8 | 9.0 |
* 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
An appreciation or depreciation of the Swedish currency lowers or raise export and import prices in Swedish krona. According to Swedish Customs’ exchange rates, from March to April, the Swedish krona appriciated against the Danish krona by 1.3 percent, against the US dollar and the euro by 1.2 percent and against the Norwegian krona by 0.7 percent. The Swedish krona depreciated against the British pound by 0.2 percent.
In the last year, the Swedish krona has weakened, mainly against the US dollar, by 11.9 percent, but also against the British pound by 5.2 percent, against the euro by 3.4 percent, against the Danish krona by 3.2 percent and against the Norwegian krona by 1.4 percent.
| Product group according to SPIN 2015 | Largest contributions, in percentage points, to total percentage change, March 2019– April 2019 | ||||
|---|---|---|---|---|---|
| Producer Price Index, home sales | Export Price Index | Import Price Index | |||
| 06.1 | Crude oil | 0.2 | |||
| 16.1 | Wood, sawn and planed | ‑0.1 | |||
| 17 | Paper and paper products | ‑0.2 | |||
| 20 | Chemicals and chemical products | ‑0.1 | ‑0.1 | ||
| 24 | Basic metals | ‑0.1 | |||
| 26.3 | Communication equipment | ‑0.1 | |||
| 28 | Machinery and equipment n.e.c. | ‑0.1 | ‑0.1 | ||
| 29 | Motor vehicles, trailers and semi-trailers | ‑0.1 | ‑0.1 | ||
| 35.3 | Steam and air conditioning supply services | ‑0.7 | |||
Next publishing will be
Statistics on May will be published on 2019-06-25 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.