Producer and import price index, November 2019
Higher annual rate on the domestic market in November 2019
Statistical news from Statistics Sweden 2019-12-20 9.30
The Producer Price Index increased by 0.3 percent between October and November 2019. In the same period, prices on the import market increased by 0.3 percent, while prices on the export market decreased by 0.1 percent. Prices on the domestic market increased by 0.9 percent. Domestic supply prices, that is, producer prices on the domestic market and import prices together, increased by 0.6 percent between October and November.
Changes during the last year
In November, the annual rate on the domestic market was higher than in the previous month. The annual rate in November was 0.5 percent.
The Producer Price Index annual rate in November was 1.2 percent (0.9 percent in October). On the export and import market, the annual rate was 1.8 percent. The annual rate of domestic supply prices was 1.2 percent.
Changes during the last month
Higher prices for district heating and electricity contributed to the increase on the domestic market. On the export market, lower prices for basic iron and steel and ferro-alloys and pulp contributed to the downturn. The main contributor to the increase on the import market was higher crude oil prices.
| Total: B–E* | Index | Change, percent (monthly) |
Change, percent (yearly) |
|---|---|---|---|
| November 2019, 2015=100 |
October 2019– November 2019 |
November 2018– November 2019 |
|
| Producer Price Index | 114.9 | 0.3 | 1.2 |
| Manufacturing | 112.5 | ‑0.1 | 1.3 |
| Producer Price Index, home sales | 113.6 | 0.9 | 0.5 |
| Electricity, gas, heating | 128.8 | 7.0 | ‑0.2 |
| Electricity | 147.0 | 4.5 | ‑3.6 |
| Export Price Index | 116.2 | ‑0.1 | 1.8 |
| Import Price Index | 115.8 | 0.3 | 1.8 |
| Price Index for domestic supply | 114.8 | 0.6 | 1.2 |
| Consumer goods | 110.7 | 0.2 | 3.5 |
| Capital goods | 109.0 | 0.2 | 2.8 |
| Intermediate goods | 114.5 | ‑0.2 | 0.4 |
| Energy related goods** | 131.7 | 3.1 | ‑1.8 |
* 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
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 October to November, the Swedish krona depreciated against the British pound by 2.6 percent and against the euro by 0.1 percent. The Swedish krona appreciated against the Norwegian krona by 2.8 percent and against the US dollar by 0.6 percent. The Swedish krona remained unchanged against the Danish krona.
In the last year, the Swedish krona depreciated against the US dollar by 6.7 percent, against the British pound by 6.0 percent, against the euro by 3.8 percent, and against the Danish krona by 3.6 percent. The Swedish krona appreciated against the Norwegian krona by 3.3 percent.
| Product group according to SPIN 2015 | Largest contributions, in percentage points, to total percentage change, October 2019– November 2019 | |||||
|---|---|---|---|---|---|---|
| Producer Price Index, home sales | Export Price Index | Import Price Index | ||||
| 06.1 | Crude oil | 0.3 | ||||
| 10.1 | Preserved meat and meat products | 0.1 | ||||
| 17.11 | Pulp | ‑0.1 | ||||
| 24 | Basic metals | ‑0.1 | ||||
| 24.1 | Basic iron and steel and ferro-alloys | ‑0.1 | ||||
| 26 | Computer, electronic and optical products | 0.1 | ||||
| 35.11 | Electricity | 0.2 | 0.1 | 0.1 | ||
| 35.3 | Steam and air conditioning supply services | 0.4 | ||||
| 38.1 | Waste; waste collection services | 0.1 | ||||
Next publishing will be
Statistics for December will be published on 2020-01-28 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.