Producer and import price index, January 2020
Appreciation of the Swedish krona leads to lower import and export prices in January 2020
Statistical news from Statistics Sweden 2020-02-27 9.30
The Producer Price Index decreased by 1.0 percent between December 2019 and January 2020. In the same period, prices decreased by 2.5 percent on the import market and by 1.5 percent on the export market, mainly as a result of a stronger Swedish krona.
Prices on the domestic market decreased by 0.4 percent. Domestic supply prices, that is, producer prices on the domestic market and import prices together, decreased by 1.6 percent.
Changes in the last month
On the import market, the main downward contributions included lower prices for crude oil, machinery and equipment, and computer, electronic and optical products.
Lower prices for machinery and equipment, paper and paperboard, and motor vehicles, trailers and semi-trailers contributed downward on the export market.
The main contributor to the decrease on the domestic market was lower electricity prices. Prices for electicity also decreased on the import and export market.
Changes in the last year
The Producer Price Index annual rate in January was -0.4 percent (1.3 percent in December). The annual rate was 2.2 percent on the import market and -0.3 percent on the export market. The annual rate was -0.6 percent on the domestic market and 0.9 percent for domestic supply prices.
| Total: B–E* | Index | Change, percent (monthly) | Change, percent (yearly) |
|---|---|---|---|
| January 2020, 2015=100 | December 2019– January 2020 | January 2019– January 2020 | |
| Producer Price Index | 113.2 | ‑1.0 | ‑0.4 |
| Manufacturing | 111.7 | ‑0.5 | 1.0 |
| Producer Price Index, home sales | 113.1 | ‑0.4 | ‑0.6 |
| Electricity, gas, heating | 122.6 | ‑5.3 | ‑12.2 |
| Electricity | 114.3 | ‑14.7 | ‑31.4 |
| Export Price Index | 113.1 | ‑1.5 | ‑0.3 |
| Import Price Index | 113.9 | ‑2.5 | 2.2 |
| Price Index for domestic supply | 113.6 | ‑1.6 | 0.9 |
| Consumer goods | 111.2 | ‑0.4 | 3.7 |
| Capital goods | 108.0 | ‑1.1 | 1.4 |
| Intermediate goods | 113.0 | ‑1.0 | 0.0 |
| Energy related goods** | 128.9 | ‑4.8 | ‑1.4 |
* 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 raises export and import prices in Swedish krona. According to Swedish Customs’ exchange rates, from December to January, the Swedish krona appreciated by 3.1 percent against the US dollar, by 2.6 percent against the euro, by 2.5 percent against the Danish krona, by 1.7 percent against the pound sterling and by 1.5 percent against the Norwegan krona.
In the last year, the Swedish krona depreciated by 7.5 percent against the pound sterling, by 3.7 percent against the US dollar, and by 1.2 percent against the euro and the Danish krona. The Swedish krona appreciated by 0.1 percent against the Norwegian krona.
| Product group according to SPIN 2015 | Largest contributions, in percentage points, to total percentage change, December 2019– January 2020 | |||||
|---|---|---|---|---|---|---|
| Producer Price Index, home sales | Export Price Index | Import Price Index | ||||
| 06.1 | Crude oil | ‑0.6 | ||||
| 10 | Food products | 0.1 | ‑0.1 | |||
| 17.12 | Paper and paperboard | ‑0.2 | ||||
| 20 | Chemicals and chemical products | ‑0.1 | ‑0.1 | |||
| 21.2 | Pharmaceutical preparations | 0.2 | ||||
| 22.2 | Plastic products | ‑0.1 | ||||
| 24.1 | Basic iron and steel and ferro-alloys | ‑0.1 | ‑0.1 | ‑0.1 | ||
| 25 | Fabricated metal products, except machinery and equipment | ‑0.1 | ||||
| 26 | Computer, electronic and optical products | ‑0.2 | ||||
| 27.9 | Other electrical equipment | ‑0.1 | ||||
| 28 | Machinery and equipment n.e.c. | ‑0.2 | ‑0.2 | |||
| 29 | Motor vehicles, trailers and semi-trailers | ‑0.2 | ‑0.2 | |||
| 35.11 | Electricity | ‑0.8 | ‑0.3 | ‑0.2 | ||
| 35.3 | Steam and air conditioning supply services | 0.1 | ||||
| 38 | Waste collection, treatment and disposal services | 0.1 | ||||
Next publishing will be
Statistics for February will be published on 2020-03-25 at 09:30.
Statistical Database
More information is available in the Statistical Database
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