Producer and import price index, July 2018:
Higher electricity prices affect producer and import prices
Statistical news from Statistics Sweden 2018-08-24 9.30
The Producer Price Index increased by 0.9 percent between June and July 2018. In the same period, prices increased by 0.8 percent on the import market and by 0.6 percent on the export market. On the domestic market, prices increased by 1.1 percent.
Domestic supply prices, that is, producer prices on the domestic and import markets together, increased by 0.9 percent between June and July.
Changes during the last year
The Producer Price Index, that is, producer prices on the domestic and export markets together, increased by 8.4 percent from July 2017 to July 2018. In the same period, prices increased by 11.3 percent on the import market and by 10.0 percent on the export market.
During the last year, higher energy prices have clearly affected the import price index upwards, electricity prices have risen by 109.5 percent, while crude oil prices increased by 56.8 percent. The export price index rises annually, mainly due to high export prices for energy related goods, which have increased by 48.4 percent.
Domestic supply prices have increased by 9.1 percent on an annual basis. On the domestic market, prices have increased by 6.8 percent.
Changes during the last month
Unusually high electricity prices were the main contributor to the increase on the domestic, export and import markets from June to July 2018. On the other hand, the upturn on all markets was slightly counteracted by lower prices for basic precious and other non-ferrous metals.
On the import market higher prices for crude oil and for computer, electronic and optical products contributed to the rise of the import price index during the last month.
Higher export prices for paper and paper products have mainly contributed to the rise of the export price index on a monthly basis.
| Total: B-E* | Index | Change, percent (monthly) | Change, percent (yearly) |
|---|---|---|---|
| July 18, 2015=100 | June 18 - July 18 | July 17 - July 18 | |
|
Producer Price Index
|
112.5 | 0.9 | 8.4 |
|
Manufacturing
|
110.7 | 0.5 | 7.5 |
|
Producer Price Index, home sales
|
111.1 | 1.1 | 6.8 |
|
Electricity, gas, heating
|
115.4 | 5.4 | 16.3 |
|
Electricity
|
152.5 | 11.2 | 45.4 |
|
Export Price Index
|
113.8 | 0.6 | 10.0 |
|
Import Price Index
|
114.5 | 0.8 | 11.3 |
|
Price Index for domestic supply
|
112.9 | 0.9 | 9.1 |
|
Consumer goods
|
106.8 | 0.2 | 1.7 |
|
Capital goods
|
105.7 | 0.6 | 3.1 |
|
Intermediate goods
|
112.8 | 0.4 | 8.4 |
|
Energy related goods**
|
134.1 | 3.6 | 35.7 |
* 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 June to July 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 depreciated against the US dollar by 1.5 percent, against the Norwegian krona by 0.7 percent, against the euro by 0.2 percent and against the Danish krona by 0.1 percent. The Swedish krona appreciated against the British pound by 0.2 percent.
| Product group according to SPIN 2015 | Largest contributions, in percentage points, to total percentage change, June - July | |||||
|---|---|---|---|---|---|---|
| Producer Price Index, home sales | Export Price Index | Import Price Index | ||||
|
06.1
|
Crude oil
|
0.2 | ||||
|
10
|
Food products
|
-0.1 | ||||
|
16.1
|
Wood, sawn and planed
|
0.1 | ||||
|
17
|
Paper and paper products
|
0.1 | 0.2 | |||
|
20
|
Chemical and chemical products
|
0.1 | ||||
|
24.1
|
Basic iron and steel and ferro-alloys
|
0.1 | ||||
|
24.4
|
Basic precious and other non-ferrous metals
|
-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 | ||||
|
35.11
|
Electricity
|
0.5 | 0.2 | 0.1 | ||
|
35.13
|
Distribution services of electricity |
0.1 | ||||
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 August will be published on 2018-09-25 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.