Producer and import price index, January 2018:
Producer and import prices rose in January 2018
Statistical news from Statistics Sweden 2018-02-28 9.30
Producer prices in total increased by 0.8 percent between December 2017 and January 2018. In the same period, prices also increased by 0.8 percent on the domestic, export and import markets.
Prices for domestic supply, that is, producer prices on the domestic and import markets together, increased by 0.9 percent from December to January.
As from this publication, the statistical news will use SPIN 2015 classifications, with base year 2015=100.
Changes during the last month
Higher prices on basic metals contributed to increases on all three markets - the domestic market, the export market and the import market. Higher prices on food products and beverages also contributed to the increase on the domestic market. In addition to the increase on the export market due to higher prices on basic metals, there was an increase in prices on motor vehicles, trailers and semi-trailers and on pulp, paper and paperboard. This increase was offset by a decrease in prices on machinery and equipment. Higher prices for crude oil accounted for the largest contribution to the upturn on the import market in January. The increase on the import market was offset by a decrease in prices on food products and computer, electronic and optical products.
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 2.5 percent. In the same period, prices on the import market increased by 2.6 percent and the export market increased by 1.9 percent. On the domestic market, prices increased by 3.0 percent. Prices for domestic supply increased by 2.9 percent compared with the same period last year.
| Total: B-E* | Index | Change, percent (monthly) | Change, percent (yearly) |
|---|---|---|---|
| January 18, 2015=100 | December 17 - anuary 18 | January 17 - January 18 | |
|
Producer Price Index
|
107.7 | 0.8 | 2.5 |
|
Manufacturing
|
105.8 | 0.8 | 2.4 |
|
Producer Price Index, home sales
|
108.3 | 0.8 | 3.0 |
|
Electricity, gas, heating
|
117.7 | 1.6 | 1.8 |
|
Electricity
|
109.6 | 2.4 | 2.4 |
|
Export Price Index
|
107.1 | 0.8 | 1.9 |
|
Import Price Index
|
107.4 | 0.8 | 2.6 |
|
Price Index for domestic supply
|
107.9 | 0.9 | 2.9 |
|
Consumer goods
|
104.4 | ‑0.3 | 0.7 |
|
Capital goods
|
102.5 | 0.2 | 0.3 |
|
Intermediate goods
|
107.6 | 1.1 | 4.1 |
|
Energy related goods**
|
121.7 | 3.1 | 6.8 |
* 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 from December to January
An appreciation or depreciation of the Swedish currency has a tendency to lower or raise export and import prices in Swedish krona. According to Swedish Customs exchange rates, the Swedish krona appreciated against the Norwegian krone by 2.4 percent, against the US dollar by 0.8 percent, against the Danish krone and the euro by 0.2 percent each. The Swedish krona depreciated against the British pound by 0.3 percent.
| Product group according to SPIN 2015 | 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
|
0.4 | ||||
|
10
|
Food products
|
0.1 | -0.1 | |||
|
11
|
Beverages
|
0.1 | ||||
|
16.1
|
Wood, sawn and planed
|
0.1 | ||||
|
17.1
|
Pulp, paper and paperboard
|
0.2 | ||||
|
20
|
Chemical and chemical products
|
0.1 | ||||
|
24
|
Basic metals
|
0.1 | 0.2 | 0.1 | ||
|
25
|
Fabricated metal products, except machinery and equipment
|
-0.1 | ||||
|
26
|
Computer, electronic and optical products
|
0.1 | -0.1 | |||
|
27
|
Electrical equipment
|
0.1 | 0.1 | |||
|
28
|
Machinery and equipment n.e.c.
|
-0.1 | ||||
|
29.3
|
Parts and accessories for motor vehicles
|
0.1 | ||||
|
33
|
Repair and installation services of machinery and equipment
|
0.1 | ||||
|
35.11
|
Electricity
|
0.1 | ||||
|
35.13
|
Distribution services of electricity
|
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 February will be published on 2018-03-27 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.