In brief

• The largest contribution to the domestic market, compared with December 2025, came from higher prices for trade services of electricity.
• Compared with January 2025, prices for trade services of electricity increased by 36 percent in the domestic market.
• The Swedish krona has strengthened against the US dollar by 21.9 percent compared with January 2025.
• Producer prices for energy-related goods increased by 5.8 percent in January 2026 compared with the same period last year.
• The annual rate for consumer goods in Price Index for Domestic Supply decreased from -0.3 percent in December to -1.3 percent in January. 

Changes in the last month

The monthly rate of change was positive in the domestic and import markets, but negative in the export market in January. This resulted in a positive monthly rate of change for both Producer Price Index and Price Index for Domestic Supply during the same period.

The main upward contribution in the domestic market came from higher prices for trade services of electricity. Prices also rose in distribution services of electricity and natural water, water treatment and supply services. Higher prices in food products, basic metals, repair services of fabricated metal products, machinery and equipment and district heating also contributed to the increase. This upturn was partially offset by price decreases in pulp, refined petroleum products and sorted materials recovery services.

In the export market the main negative contribution came from lower prices in motor vehicles, trailers and semi-trailers. Prices also fell in pulp, refined petroleum products, other chemical products, other machinery and equipment and other transport equipment. This downturn was partially offset by higher prices in basic metals.

The increase on the import market came from higher prices in refined petroleum products, basic metals, fabricated metal products, other transport equipment and waste collection, treatment and disposal- and materials recovery services. This upturn was partially offset by price decreases in food products, plastics in primary forms, rubber and plastic products and computer, electronic and optical products. Prices also fell for electrical equipment and other machinery and equipment. 

Changes in the last year

The annual rate in the domestic market was 3.8 percent in January (1.2 percent in December). The annual rate in the export market was -7.7 percent during the same period (-6.5 percent in December). In the import market, the annual rate in January was -7.4 percent (-6.7 percent in December).

The annual rate of the Producer Price Index was -2.0 percent in January. Compared with January 2025, prices rose by 5.8 percent in energy-related products. Prices decreased by 4.5 percent for consumer goods and decreased by 3.5 percent for capital goods. The annual rate of the Producer Price Index excluding energy-related products was -3.6 percent.

The annual rate of the Price Index for Domestic Supply was -2.2 percent in January. Compared with January 2025, prices fell by 2.7 percent in energy-related products. Prices decreased by 1.3 percent for consumer goods and decreased by 2.3 percent for capital goods. The annual rate of the Price Index for Domestic Supply excluding energy-related products was -2.4 percent. 

Changes in exchange rates

An appreciation or depreciation of the Swedish currency lowers or raises export and import prices in Swedish kronor. Prices at the producer and import stages are converted from foreign currencies to Swedish kronor according to the Riksbank’s exchange rates.

Changes in 2026

Change in data source for electricity. For further information, please see:

Changes in PPI as of 2026