Producer and Import Price Index, June 2021
Prices continue to increase on wood and steel products in June 2021
Statistical news from Statistics Sweden 2021-07-23 9.30
The Producer Price Index increased by 1.5 percent between May and June. Prices increased by 2.1 percent on the export market and by 1 percent on the domestic market. On the import market, prices rose by 0.9 percent. The annual rate according to the Producer Price Index was 9.6 percent in June 2021 (7.9 percent in May).
In brief
- Continued prices increases on all markets from May to June.
- The annual rate of the Price Index for Domestic Supply for Intermediate Goods reaches the highest level since September 1995.
- Prices on wood products increased significantly on the domestic and export markets.
| Total: B–E* | Change, percent (monthly) |
Change, percent (yearly) |
|---|---|---|
| May 2021– June 2021 |
June 2020– June 2021 |
|
| Producer Price Index, home sales | 1.0 | 9.7 |
| Export Price Index | 2.1 | 9.7 |
| Import Price Index | 0.9 | 6.8 |
| Producer Price Index | 1.5 | 9.6 |
| Price Index for domestic supply | 1.0 | 8.2 |
Changes in the last month
The monthly rate of change was positive on all markets from May to June. Prices increased mainly on wood products, paper and crude oil.
On the domestic market, the main upward contribution came from higher prices on wood, sawn and planed. In addition, prices increased on paper and paper products, electricity, preserved meat and meat products as well as other fabricated metal products. This upturn was somewhat offset by lower prices for basic metals and structural metal products as well as seasonally normal price decreases on district heating.
On the export market, the main upward contribution also came from higher prices on wood sawn and planed, followed by price increases on basic iron and steel and ferro-alloys as well as electricity. Prices also increased on pulp, paper and paperboard, chemicals and chemical products and basic metals. This upturn was somewhat offset by price decreases on motor vehicles, trailers and semi-trailers.
The main upward contributions on the import market came from higher prices on crude oil. Prices also increased on natural gas, electricity, electrical equipment, fabricated metal products, except machinery and equipment as well as basic iron and steel and ferro-alloys.
| Product group according to SPIN 2015 | Largest contributions, in percentage points, to total percentage change, May 2021– June 2021 |
||||
|---|---|---|---|---|---|
| Producer Price Index, home sales |
Export Price Index |
Import Price Index |
|||
| 06.1 | Crude oil | 0.3 | |||
| 06.2 | Natural gas, liquefied or in gaseous state | 0.1 | |||
| 10.1 | Preserved meat and meat products | 0.1 | |||
| 16.101 | Wood, sawn | 0.2 | 0.1 | ||
| 16.102 | Wood, planed | 0.2 | 0.4 | ||
| 16.2 | Products of wood, cork, straw and plaiting materials | 0.1 | |||
| 17 | Paper and paper products | 0.1 | |||
| 17.1 | Pulp, paper and paperboard | 0.2 | |||
| 20 | Chemicals and chemical products | 0.1 | |||
| 22.2 | Plastic products | 0.1 | |||
| 24 | Basic metals | ‑0.1 | |||
| 24.1 | Basic iron and steel and ferro-alloys | 0.3 | 0.1 | ||
| 25 | Fabricated metal products, except machinery and equipment | 0.1 | |||
| 25.1 | Structural metal products | ‑0.1 | |||
| 25.9 | Other fabricated metal products | 0.1 | |||
| 27 | Electrical equipment | 0.1 | |||
| 29 | Motor vehicles, trailers and semi-trailers | ‑0.1 | |||
| 35.11A | Electricity | 0.3 | 0.1 | ||
| 35.14 | Trade services of electricity | 0.2 | |||
| 35.3 | Steam and air conditioning supply services | ‑0.2 | |||
Changes in the last year
On a yearly basis, prices increased on all markets in June 2021. Among others, higher prices for wood products contributed to the rise. Prices for planed wood increased by 100 percent on the export market and 79.4 percent on the domestic market in June 2021 compared with June of last year.
The annual rate on the domestic market was 9.7 percent. On the import and export markets, the annual rate of change was higher than the previous month and was 6.8 percent and 9.7 percent, respectively.
The annual rate of the Producer Price Index was 9.6 percent in June 2021. Prices on energy-related products rose by 25.6 percent compared with June 2020. Prices on capital goods and on consumer goods fell by 0.4 percent and by 0.9 percent, respectively. The annual rate for the Producer Price Index excluding energy-related products was 7.6 percent.
The annual rate of the Price Index for Domestic Supply was 8.2 percent. Prices on energy-related products increased by 29 percent compared with the corresponding month a year ago. Prices on capital goods and on consumer goods fell by 1 percent and by 0.1 percent respectively. The annual rate of the Price Index for Domestic Supply excluding energy-related products was 5 percent.
Changes in exchange rates
An appreciation or depreciation of the Swedish currency lowers or raises export and import prices in Swedish kronor. Prices at the producer and import stages are converted from foreign currencies to Swedish kronor according to Swedish Customs’ exchange rates.
| Currency | Change, percent (monthly) |
Change, percent (yearly) |
|---|---|---|
| May 2021– June 2021 |
June 2020– June 2021 |
|
| DKK | 0.1 | 3.7 |
| EUR | 0.1 | 4.0 |
| GBP | 0.0 | 0.5 |
| NOK | 0.2 | ‑4.1 |
| USD | 1.9 | 14.0 |
A positive number means that the Swedish krona was strengthened against that currency.
Definitions and explanations
Trade services of electricity was previously called electricity but has changed its designation to conform to the content and classification.
The Producer Price Index home sales (HMPI) measures changes in Swedish producers’ prices of goods manufactured and sold in Sweden.
The Export Price Index (EXPI) measures changes in Swedish producers’ prices of goods manufactured in Sweden and sold outside Sweden, both within and outside the EU.
The Import Price Index (IMPI) measures changes in the prices of imports of goods into Sweden.
The Producer Price Index (PPI) measures changes in the prices of Swedish producers’ total sales, obtained by combining the HMPI and the EXPI.
The Price Index for Domestic Supply (ITPI) measures changes in the prices of goods sold in Sweden, obtained by combining the HMPI and the IMPI.
Next publishing will be
Statistics for July will be published on 2021-08-26 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.