Producer and import price index, May 2019
Producer prices in May unchanged
Statistical news from Statistics Sweden 2019-06-25 9.30
The Producer Price Index was unchanged between April and May 2019. In the same period, prices increased on the export market by 0.3 percent and on the import market by 0.4 percent. Prices decreased by 0.3 percent on the domestic market. Domestic supply prices, that is, producer prices on the domestic and import markets together, increased by 0.1 percent between April and May.
Changes during the last month
Higher prices on motor vehicles, trailers and semi-trailers and on chemicals and chemical products have contributed to the rise of the export price index. On the domestic market, a price decrease on electricity and district heating was the main contributor to the downturn. An increase in crude oil prices, basic pharmaceutical products and chemicals and chemical products contributed upward on the import market.
Changes during the last year
The Producer Price Index annual rate in May was 3.5 percent, which is the lowest annual rate since February 2018. On the export and import market, the annual rate was 3.5 percent and 2.5 percent respectively and 3.6 percent on the domestic market. The annual rate of domestic supply prices was 3.0 percent.
| Total: B–E* | Index | Change, percent (monthly) |
Change, percent (yearly) |
|---|---|---|---|
| May 2019, 2015=100 |
April 2019– May 2019 |
May 2018– May 2019 |
|
| Producer Price Index | 114.5 | 0.0 | 3.5 |
| Manufacturing | 113.1 | 0.4 | 3.1 |
| Producer Price Index, home sales | 112.7 | ‑0.3 | 3.6 |
| Electricity, gas, heating | 114.9 | ‑4.6 | 8.3 |
| Electricity | 134.3 | ‑6.1 | 15.7 |
| Export Price Index | 116.3 | 0.3 | 3.5 |
| Import Price Index | 115.5 | 0.4 | 2.5 |
| Price Index for domestic supply | 114.2 | 0.1 | 3.0 |
| Consumer goods | 109.2 | 0.7 | 2.5 |
| Capital goods | 107.5 | 0.2 | 2.5 |
| Intermediate goods | 114.7 | 0.1 | 2.9 |
| Energy related goods** | 132.5 | ‑0.7 | 5.4 |
* 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 April to May, the Swedish krona depreciated against the Norwegian krona by 1.2 percent and against the US dollar and the euro by 0.5 percent. The Swedish krona appreciated against the British pound by 0.8 percent.
In the last year, the Swedish krona has weakened, mainly against the US dollar, by 9.6 percent, but also against the British pound by 0.2 percent, against the euro and the Norwegian krona by 0.7 percent and the Danish krona by 0.1 percent.
| Product group according to SPIN 2015 | Largest contributions, in percentage points, to total percentage change, April 2019– May 2019 | |||||
|---|---|---|---|---|---|---|
| Producer Price Index, home sales | Export Price Index | Import Price Index | ||||
| 06.1 | Crude oil | 0.2 | ||||
| 10 | Food products | 0.1 | ||||
| 10.1 | Preserved meat and meat products | 0.1 | ||||
| 20 | Chemicals and chemical products | 0.1 | 0.1 | |||
| 21 | Basic pharmaceutical products and pharmaceutical preparations | 0.1 | ||||
| 24 | Basic metals | ‑0.1 | ||||
| 26.3 | Communication equipment | ‑0.1 | ||||
| 29 | Motor vehicles, trailers and semi-trailers | 0.1 | ||||
| 35.11 | Electricity | ‑0.3 | ‑0.1 | |||
| 35.3 | Steam and air conditioning supply services | ‑0.3 | ||||
Next publishing will be
Statistics for June will be published on 2019-07-25 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.