Producer and import price index, October 2019
Producer prices increased in October 2019
Statistical news from Statistics Sweden 2019-11-26 9.30
The Producer Price Index increased by 0.4 percent between September and October 2019. In the same period, prices on the export market increased by 0.4 percent and prices on the domestic market increased by 0.2 percent. However, prices on the import market decreased by 0.2 percent. Domestic supply prices, that is, producer prices on the domestic market and import prices together, remained unchanged between September and October.
Changes during the last month
The main contributor to the decrease on the import market was lower crude oil prices. Higher prices for machinery and equipment and for electritity offset the decrease.
On the export market, higher prices for electritity, motor vehicles, trailers and semi-trailers, as well as machinery and equipment contributed to the increase. This increase was offset by lower prices for basic metals.
Price increases for electricity and for steam and air conditioning supply services contributed upward on the domestic market. Nevertheless, lower prices for food products and waste collection services offset the increase.
Compared with the previous month, prices for electricity have increased on all markets. However, on an annual basis the prices have declined.
Changes during the last year
The Producer Price Index annual rate in October was 0.9 percent (0.3 percent in September). Prices on the export market increased by 1.2 percent between October 2018 and October 2019. The annual rate on the import market was -0.9 percent. The annual rate on the domestic market was 0.4 percent, while the price index for domestic supply was -0.3 percent.
| Total: B–E* | Index | Change, percent (monthly) |
Change, percent (yearly) |
|---|---|---|---|
| October 2019, 2015=100 |
September 2019– October 2019 |
October 2018– October 2019 |
|
| Producer Price Index | 114.5 | 0.4 | 0.9 |
| Manufacturing | 112.6 | 0.1 | 0.7 |
| Producer Price Index, home sales | 112.6 | 0.2 | 0.4 |
| Electricity, gas, heating | 120.4 | 3.2 | ‑0.1 |
| Electricity | 140.7 | 5.4 | ‑3.0 |
| Export Price Index | 116.3 | 0.4 | 1.2 |
| Import Price Index | 115.4 | ‑0.2 | ‑0.9 |
| Price Index for domestic supply | 114.1 | 0.0 | ‑0.3 |
| Consumer goods | 110.5 | ‑0.2 | 3.4 |
| Capital goods | 108.8 | 0.2 | 2.7 |
| Intermediate goods | 114.7 | ‑0.1 | 0.7 |
| Energy related goods** | 127.8 | 0.4 | ‑9.9 |
* 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 September to October, the Swedish krona depreciated against the British pound by 3.6 percent, against the Norwegian krona and the US dollar by 0.8 percent, against the euro by 0.3 percent, and against the Danish krona by 0.2 percent.
In the last year, the Swedish krona depreciated against the US dollar by 9.6 percent, against the British pound by 3.5 percent, against the euro by 3.4 percent and against the Danish krona by 3.3 percent. The Swedish krona appreciated against the Norwegian krona by 0.3 percent.
| Product group according to SPIN 2015 | Largest contributions, in percentage points, to total percentage change, September 2019– October 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 | ||||
| 20 | Chemicals and chemical products | ‑0.1 | ||||
| 24 | Basic metals | 0.1 | ‑0.1 | |||
| 28 | Machinery and equipment n.e.c. | 0.1 | 0.1 | |||
| 29 | Motor vehicles, trailers and semi-trailers | 0.1 | ||||
| 35.11 | Electricity | 0.2 | 0.1 | 0.1 | ||
| 35.3 | Steam and air conditioning supply services | 0.1 | ||||
| 38.1 | Waste; waste collection services | ‑0.1 | ||||
Next publishing will be
Statistics for November will be published on 2019-12-20 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.