Producer and Import Price Index, February 2025
Higher prices on the domestic market in February 2025
Statistical news from Statistics Sweden 2025-03-25 8.00
The Producer Price Index decreased by 0.1 percent in February compared to January 2025. Prices decreased by 1.2 percent on the export market and decreased by 1.7 percent on the import market. On the domestic market, prices rose by 1.1 percent. The annual rate according to the Producer Price Index was 3.4 percent in February (3.5 percent in January).
In brief
- Prices for trade service of electricity on the domestic market rose by 16.1 percent in February compared to January, and compared to February 2024, prices rose by 23.5 percent.
- The annual rate of the Producer Price Index excluding energy-related products decreased from 4.5 percent in January to 2.6 percent in February.
- The annual rate for consumer goods in Price Index for Domestic Supply decreased from 6.1 percent in January to 4,4 percent in February.
Percentage change
| Total: SPIN B–E* | Change, percent (monthly) | Change, percent (yearly) |
|---|---|---|
| January 2025–February 2025 | February 2024–February 2025 | |
| Producer Price Index, home sales | 1.1 | 4.8 |
| Export Price Index | -1.2 | 2.0 |
| Import Price Index | -1.7 | 1.2 |
| Producer Price Index | -0.1 | 3.4 |
| Price Index for domestic supply | -0.4 | 2.8 |
Changes in the last month
The monthly rate of change was negative on the export and import markets, but positive on the domestic market in February. This resulted in a negative monthly rate of change for both Producer Price Index and Price Index for Domestic Supply during the same period.
The main upward contribution on the domestic market came from higher prices on trade services of electricity. Prices also rose in other machinery and equipment and food products. This upturn was offset by price decreases on distribution services of electricity.
On the export market the main negative contribution came from lower prices on motor vehicles, trailers and semi-trailers. Prices also fell within other machinery and equipment, as well as within several other product groups. This downturn was offset by higher prices on basic precious and other non-ferrous metals.
The main contribution to the decrease on the import market came from lower prices on crude oil. Prices also fell within computer, electronic and optical products, motor vehicles, trailers and semi-trailers, as well as within several other product groups.
Largest contribution to total change, in percentage points, January 2025 – February 2025
| Product group according to SPIN 2015 | Largest contributions, in percentage points, to total percentage change, January 2025–February 2025 | |||
|---|---|---|---|---|
| Producer Price Index, home sales | Export Price Index | Import Price Index | ||
| 06.1 | Crude oil | -0.7 | ||
| 10 | Food products | 0.1 | ||
| 17.11 | Pulp | -0.1 | ||
| 19.2 | Refined petroleum products | -0.1 | ||
| 20.1 | Basic chemicals | -0.1 | ||
| 24 | Basic metals | -0.1 | ||
| 24.1 | Basic iron and steel | -0.1 | ||
| 24.4 | Basic precious and other non-ferrous metals |
0.1 | ||
| 26 | Computer, electronic and optical products |
-0.1 | -0.3 | |
| 27 | Electrical equipment | -0.1 | ||
| 28 | Other machinery and equipment | 0.1 | -0.2 | -0.1 |
| 29 | Motor vehicles, trailers and semi-trailers |
-0.3 | -0.2 | |
| 33 | Repair and installation services of machinery and equipment |
-0.1 | ||
| 35.13 | Distribution services of electricity | -0.1 | ||
| 35.14 | Trade services of electricity | 1.0 | ||
Monthly change between January and February, different years, in percent
Changes in the last year
The annual rate for the domestic market was 4.8 percent in February (2.5 percent in January). The annual rate for the export market was 2.0 percent during the same period (4.5 percent in January). On the import market, the annual rate in February was 1.2 percent (4.8 percent in January).
The annual rate of the Producer Price Index was 3.4 percent in February. Compared with February 2024, prices rose by 8.4 percent on energy-related products. Prices increased by 3.2 percent on consumer goods and increased by 1.6 percent on capital goods. The annual rate of the Producer Price Index excluding energy-related products was 2.6 percent.
The annual rate of the Price Index for Domestic Supply was 2.8 percent in February. Compared with February 2024, prices rose by 4.0 percent on energy-related products. Prices increased by 4.4 percent on consumer goods and increased by 1.6 percent on capital goods. The annual rate of the Price Index for Domestic Supply excluding energy-related products was 2.7 percent.
Percentage change, compared with the corresponding month a year ago
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.
Evolution of the Swedish krona exchange rate against the most common trade weighted currencies
| Currency | Change, percent (monthly) |
|---|---|
| January 2025–February 2025 | |
| DKK | 2.0 |
| EUR | 2.1 |
| GBP | 1.0 |
| NOK | 1.3 |
| USD | 2.7 |
Definitions and explanations
The Producer Price Index home sales (HMPI) measures changes in Swedish producers’ prices of goods manufactured and sold in Sweden.
The Export Price Index (EXPI) measures changes in Swedish producers’ prices of goods manufactured in Sweden and sold outside Sweden, both within and outside the EU.
The Import Price Index (IMPI) measures changes in the prices of imports of goods into Sweden.
The Producer Price Index (PPI) measures changes in the prices of Swedish producers’ total sales, obtained by combining the HMPI and the EXPI.
The Price Index for Domestic Supply (ITPI) measures changes in the prices of goods sold in Sweden, obtained by combining the HMPI and the IMPI.
Comments
A positive number means that the Swedish krona was strengthened against that currency.