Producer and import price index, July 2019
Prices for electricity higher in July
Statistical news from Statistics Sweden 2019-08-27 9.30
Electricity prices increased on all markets between June and July. The monthly change was highest on the export market, in which prices increased by 40 percent. On the domestic and import market, electricity prices increased by 18.9 percent and 15.9 percent respectively. Crude oil prices decreased for the second consecutive month. The decrease in July was 4.9 percent, compared with a decrease of 3.1 percent in June.
Changes during the last month
The Producer Price Index increased by 0.3 percent between June and July 2019. In the same period, prices decreased on both the import and export market by 0.9 percent and 0.3 percent respectively. An appreciation of the Swedish krona contributed to lower prices on the import and export market. On the domestic market, prices increased by 1.1 percent. Domestic supply prices, that is, producer prices on the domestic market and import prices together, remained unchanged between June and July.
Changes during the last year
The Producer Price Index annual rate in July was 2.0 percent (2.5 percent in June). On the export and import market, the annual rate was 2.5 percent and 0.6 percent respectively. On the domestic market, the annual rate was 1.6 percent and on domestic supply it was 1.2 percent. The annual rate for electricity on the export market was -30.9 percent in July (-42.2 percent in June) as a result of unusually high prices on electricity in the summer months in 2018.
| Total: B–E* | Index | Change, percent (monthly) |
Change, percent (yearly) |
|---|---|---|---|
| July 2019, 2015=100 |
June 2019– July 2019 |
July 2018– July 2019 |
|
| Producer Price Index | 114.7 | 0.3 | 2.0 |
| Manufacturing | 112.9 | ‑0.3 | 2.0 |
| Producer Price Index, home sales | 112.9 | 1.1 | 1.6 |
| Electricity, gas, heating | 118.0 | 9.2 | 2.3 |
| Electricity | 133.6 | 18.9 | ‑12.4 |
| Export Price Index | 116.6 | ‑0.3 | 2.5 |
| Import Price Index | 115.2 | ‑0.9 | 0.6 |
| Price Index for domestic supply | 114.2 | 0.0 | 1.2 |
| Consumer goods | 110.4 | ‑0.4 | 3.4 |
| Capital goods | 108.3 | ‑0.5 | 2.5 |
| Intermediate goods | 115.1 | ‑0.4 | 2.0 |
| Energy related goods** | 128.1 | 2.2 | ‑4.5 |
* 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 raises export and import prices in Swedish krona. According to Swedish Customs’ exchange rates, from June to July, the Swedish krona appreciated against the British pound by 1.8 percent, against the US dollar and the Norwegian krona by 0.9 percent, and against the euro and the Danish krona by 0.6 percent.
In the last year, the Swedish krona has weakened, mainly against the US dollar, by 7.2 percent, but also against the euro by 3.7 percent, against the Danish krona by 3.5 percent, against the British pound by 2.3 percent and against the Norwegian krona by 0.3 percent.
| Product group according to SPIN 2015 | Largest contributions, in percentage points, to total percentage change, June 2019– July 2019 | |||||
|---|---|---|---|---|---|---|
| Producer Price Index, home sales | Export Price Index | Import Price Index | ||||
| 06.1 | Crude oil | ‑0.4 | ||||
| 16.1 | Sawmilling and planing of wood | ‑0.1 | ||||
| 17.1 | Pulp, Paper and paperboard | ‑0.2 | ||||
| 20 | Chemicals and chemical products | ‑0.1 | ‑0.1 | |||
| 21.2 | Pharmaceutical preparations | ‑0.1 | ||||
| 24 | Basic metals | ‑0.1 | ‑0.1 | |||
| 26.2 | Computers and peripheral equipment | ‑0.1 | ||||
| 26.3 | Communication equipment | ‑0.1 | ||||
| 28 | Machinery and equipment n.e.c. | 0.1 | ||||
| 29 | Motor vehicles, trailers and semi-trailers | ‑0.2 | ||||
| 35.11 | Electricity | 0.7 | 0.3 | 0.1 | ||
| 35.3 | Steam and air conditioning supply | 0.2 | ||||
Next publishing will be
Statistics for August will be published on 2019-09-26 at 09:30.
Statistical Database
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