Producer and import price index, December 2017:
Producer prices continued to rise in December 2017
Statistical news from Statistics Sweden 2018-01-25 9.30
Producer prices in total increased by 1.6 percent between November and December. In the same period, prices increased by 2.4 percent on the import market and by 2.0 percent on the export market, due to a depreciation of the Swedish krona. Prices increased by 1.1 percent on the domestic market.
Prices on domestic supply, that is, producer prices on the domestic and import markets together, increased by 1.8 percent from November to December.
As of the next publication, this statistical news will be based on SPIN 2015.
Changes during the last month
On the domestic market, higher prices for district heating contributed to the increase. A weak krona has largely contributed to price increase on the import and export market. Higher prices for crude oil accounted for the largest contribution to the upturn on the import market in December. On the export market, several product groups, including Machinery and equipment, Paper and paperboard, Pulp and Motor vehicles, trailers and semi-trailers contributed to the increase.
Changes during the last year
In the last year, producer prices, that is producer prices on the domestic and export markets together, have increased by 2.3 percent. In the same period, prices on the import market increased by 2.5 percent and the export market increased by 1.5 percent. On the domestic market, prices increased by 3.0 percent. Prices for domestic supply increased by 2.8 percent compared to the same period last year.
| Total: B-E* | Index | Change, percent (monthly) | Change, percent (yearly) |
|---|---|---|---|
| December 17, 2005=100 | November 17 -December 17 | December 16 -Decemebr 17 | |
|
Producer Price Index
|
121.8 | 1.6 | 2.3 |
|
Manufacturing
|
120.7 | 1.4 | 2.3 |
|
Producer Price Index, home sales
|
127.1 | 1.1 | 3.0 |
|
Electricity, gas, heating
|
132.2 | 5.3 | ‑0.3 |
|
Electricity
|
98.6 | ‑2.0 | ‑4.6 |
|
Export Price Index
|
116.8 | 2.0 | 1.5 |
|
Import Price Index
|
116.3 | 2.4 | 2.5 |
|
Price Index for domestic supply
|
121.7 | 1.8 | 2.8 |
|
Consumer goods
|
123.6 | 0.8 | 1.1 |
|
Capital goods
|
107.2 | 1.2 | ‑0.1 |
|
Intermediate goods
|
128.8 | 1.7 | 4.5 |
|
Energy related goods**
|
131.8 | 4.4 | 5.5 |
* 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 November to December
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 against the English Pound by 4.0 percent, against the Danish Krona by 3.5 percent, against the Euro by 3.4 percent and against the American dollar by 3.3 percent. The exchange rate against the Norwegian Krona remained unchanged during the period.
| Product group according to SPIN 2007 | Largest contributions, in percentage points, to total percentage change, November - December | |||||
|---|---|---|---|---|---|---|
| Producer Price Index, home sales | Export Price Index | Import Price Index | ||||
|
06.1
|
Crude oil
|
0.4 | ||||
|
10
|
Food products
|
0.1 | ||||
|
14
|
Wearing apparel
|
0.1 | ||||
|
16.1
|
Wood, sawn and planed
|
0.1 | ||||
|
17.11
|
Pulp
|
0.1 | 0.1 | |||
|
17.12
|
Paper and paperboard
|
0.2 | ||||
|
20
|
Chemical and chemical
products |
0.1 | 0.2 | 0.2 | ||
|
21.2
|
Pharmaceutical
preparations |
-0.1 | ||||
|
22
|
Rubber and plastic
products |
0.1 | ||||
|
24
|
Basic metals
|
0.1 | 0.1 | 0.1 | ||
|
25
|
Fabricated metal
products, except machinery and equipment |
0.1 | 0.1 | 0.1 | ||
|
26
|
Computer, electronic
and optical products |
0.1 | 0.2 | |||
|
27
|
Electrical equipment
|
0.1 | 0.2 | |||
|
28
|
Machinery and
equipment n.e.c. |
0.4 | 0.3 | |||
|
29
|
Motor vehicles,
trailers and semi-trailers |
0.2 | 0.2 | |||
|
35.11
|
Electricity
|
-0.1 | -0.1 | |||
|
35.3
|
District heating
|
0.7 | ||||
|
38
|
Waste collection,
treatment and disposal services; materials recovery services |
0.1 | 0.1 | |||
New product classification
SPIN 2015 in the statistical database. Both product classifications will be available during 2017 and 2018. In 2019, price indices will only be available according to SPIN 2015. Users are recommended to start using SPIN 2015 when it is available.
The differences between the two classifications are small. Most changes occur within divisions in Sections A-E. 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 January will be published on 2018-02-28 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.