Producer and import price index, October 2018
Lower annual rates on all markets in October
Statistical news from Statistics Sweden 2018-11-27 9.30
The Producer Price Index, that is, producer prices on the domestic and export markets together, increased by 9.5 percent from October 2017 to October 2018. In the same period, prices increased by 14.1 percent on the import market and by 12.5 percent on the export market. In October, the annual rate on the domestic market was 6.8 percent.
Changes during the last year
The annual rate on all markets has decreased compared with September. On the export market, the annual rate was 12.5 percent (13.4 percent in September). This is the first annual rate decrease since December 2017. The decrease was offset by an 65.5 percent annual increase in electricity prices.
On the import market, the annual rate was 14.1 percent (15.2 percent in September). Furthermore, the prices on the domestic market have increased by 6.8 percent compared with the same period last year. The annual rate for electricity prices on the domestic market was up 38.2 percent, compared with 33.2 percent in September. Domestic supply prices have increased by 10.5 percent on an annual basis.
Changes during the last month
Producer prices decreased by 0.3 percent between September and October. In the same period, prices decreased on the import and the export market by 0.8 percent under the influence of a stronger Swedish krona. On the domestic market, prices increased by 0.3 percent. Domestic supply prices, that is, producer prices on the domestic and import markets together, decreased by 0.3 percent between September and October.
The main contributor to the downturn on the import market was computer, electronic and optical products. On the export market, lower prices on motor vehicles, trailers and semi-trailers contributed substantially to the downturn. On the domestic market, a seasonally normal price increase on district heating contributed to the rise.
Lower prices on electicity contributed to the downturn on all markets.
| Total: B-E* | Index | Change, percent (monthly) | Change, percent (yearly) |
|---|---|---|---|
| October 18, 2015=100 | September 18 - October 18 | October 17 - October 18 | |
|
Producer Price Index
|
113.5 | ‑0.3 | 9.5 |
|
Manufacturing
|
111.8 | ‑0.4 | 9.4 |
|
Producer Price Index, home sales
|
112.1 | 0.3 | 6.8 |
|
Electricity, gas, heating
|
120.5 | 1.9 | 13.0 |
|
Electricity
|
145.0 | ‑4.3 | 38.2 |
|
Export Price Index
|
114.9 | ‑0.8 | 12.5 |
|
Import Price Index
|
116.4 | ‑0.8 | 14.1 |
|
Price Index for domestic supply
|
114.4 | ‑0.3 | 10.5 |
|
Consumer goods
|
106.9 | ‑0.6 | 3.2 |
|
Capital goods
|
105.9 | ‑0.7 | 5.1 |
|
Intermediate goods
|
113.9 | ‑0.4 | 9.9 |
|
Energy related goods**
|
141.8 | 0.9 | 34.3 |
* 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 from September to October 2018
An appreciation or depreciation of the Swedish currency has a tendency to lower or raise export and import prices in Swedish krona. According to Swedish Customs’ exchange rates, the Swedish krona appreciated against the US dollar by 2.6 percent, against the Danish krona and the euro by 1.4 percent, and against the British pound by 0.2 percent. The Swedish krona depreciated against the Norwegian krona by 0.4 percent.
| Product group according to SPIN 2015 | Largest contributions, in percentage points, to total percentage change, September - October | |||||
|---|---|---|---|---|---|---|
| Producer Price Index, home sales | Export Price Index | Import Price Index | ||||
|
10
|
Food products
|
0.1 | -0.1 | |||
|
17.1
|
Pulp, paper and paperboard
|
-0.1 | ||||
|
20
|
Chemical and chemical products
|
-0.1 | -0.1 | |||
|
24
|
Basic metals
|
-0.1 | -0.1 | |||
|
26
|
Computer, electronic and optical products
|
-0.2 | ||||
|
27
|
Electrical equipment
|
-0.1 | ||||
|
28
|
Machinery and equipment n.e.c.
|
-0.1 | -0.1 | |||
|
29
|
Motor vehicles, trailers and semi-trailers
|
-0.2 | -0.1 | |||
|
35.11
|
Electricity
|
-0.2 | -0.1 | -0.1 | ||
|
35.3
|
Steam and air conditioning supply services
|
0.4 | ||||
Definitions and explanations
New product classification
Producer and Import Price Index is reported in accordance with both SPIN 2007 and SPIN 2015 in the statistical database. Both product classifications will be available during 2018. In 2019, price indices will only be available in accordance with SPIN 2015. Users are recommended to start using SPIN 2015. The differences between the two classifications are minor. For more information on both classifications (available only in Swedish), please see:
Standard för svensk produktindelning efter näringsgren (SPIN)
Next publishing will be
Statistics for November will be published on 2018-12-21 at 09:30 am.
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.