Producer and import price index, March 2019

Depreciation of the Swedish krona raised import and export prices

Statistical news from Statistics Sweden 2019-04-26 9.30

Import and export prices increased between February and March, mainly because of a weaker Swedish krona. On the import market, crude oil prices also continued to contribute to the upturn. Furthermore, higher prices on motor vehicles, trailers and semi-trailers have contributed to the rise of the export price index on a monthly basis. The upturn was offset by lower prices on electricity on all markets.

Changes during the last month

The Producer Price Index, that is, producer prices on the domestic and export markets together, increased by 1.2 percent between February and March 2019. In the same period, prices increased on the import market and the export market by 2.3 percent each. Prices increased by 0.3 percent on the domestic market. Domestic supply prices, that is, producer prices on the domestic and import markets together, increased by 1.3 percent between February and March.

Changes during the last year

The Producer Price Index increased by 6.3 percent from March 2018 to March 2019. In the same period, prices increased by 8.4 percent on the export market and by 7.2 percent on the import market. In March, the annual rate on the domestic market was 4.4 percent. Domestic supply prices have increased by 5.8 percent since March last year.

Total: B–E*	Index	Change, percent (monthly)	Change, percent (yearly)
	March 2019, 2015=100	February 2019– March 2019	March 2018– March 2019
Producer Price Index	115.3	1.2	6.3
Manufacturing	112.9	1.4	6.5
Producer Price Index, home sales	114.0	0.3	4.4
Electricity, gas, heating	129.8	‑3.7	3.8
Electricity	143.0	‑7.1	7.0
Export Price Index	116.7	2.3	8.4
Import Price Index	115.0	2.3	7.2
Price Index for domestic supply	114.6	1.3	5.8
Consumer goods	108.5	1.2	3.8
Capital goods	107.8	1.3	4.7
Intermediate goods	115.0	1.5	6.2
Energy related goods**	134.5	1.0	10.6

* 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 February to March, the Swedish krona depreciated against the US dollar by 3.2 percent, against the British pound and the Norwegian krona by 3.1 percent and against the euro and Danish krona by 3.0 percent.

In the last year, the Swedish krona has weakened mainly against the US dollar by 14.8 percent, but also against the British pound by 7.5 percent, against the euro by 5.8 percent, against the Danish krona by 5.6 percent and against the Norwegian krona by 5.1 percent.

Product group according to SPIN 2015		Largest contributions, in percentage points, to total percentage change, February 2019– March 2019
		Producer Price Index, home sales	Export Price Index	Import Price Index
06.1	Crude oil			0.5
10	Food products	0.1		0.2
17.12	Paper and paperboard		0.1
20.16	Plastics in primary forms		0.1	0.1
22	Rubber and plastic products		0.1	0.1
23	Other non-metallic mineral products			0.1
24	Basic metals	0.1	0.2	0.2
25	Fabricated metal products, except machinery and equipment		0.1	0.1
26	Computer, electronic and optical products		0.1	0.2
27	Electrical equipment		0.1	0.1
28	Machinery and equipment n.e.c.		0.2	0.2
29	Motor vehicles, trailers and semi-trailers		0.4	0.2
35.11	Electricity	‑0.4	‑0.2	‑0.1
38	Waste collection, treatment and disposal services; materials recovery services			0.1

Next publishing will be

Statistics on April will be published on 2019-05-24 at 09:30.

Statistical Database

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