Producer and Import Price Index, January 2025
Price increases in all markets in January 2025
The Producer Price Index rose by 1.7 percent in January compared to December 2024. Prices increased by 1.2 percent on the export market and increased by 2.3 percent on the domestic market. On the import market, prices rose by 0.8 percent. The annual rate according to the Producer Price Index was 3.5 percent in January (2.0 percent in December).
In brief
- Prices for refined petroleum products increased on all markets in January compared to December 2024.
- Prices for trade service of electricity on the domestic market rose by 14.6 percent in January compared to December 2024 but compared to January 2024, prices fell by 19.5 percent.
- The annual rate of the Producer Price Index excluding energy-related products increased from 3.9 percent in December 2024 to 4.5 percent in January.
- The annual rate for consumer goods in Price Index for Domestic Supply increased from 4.4 percent in December 2024 to 6.1 percent in January.
| Total: SPIN B–E* | Change, percent (monthly) |
Change, percent (yearly) |
|---|---|---|
| December 2024– January 2025 |
January 2024– January 2025 |
|
| Producer Price Index, home sales | 2.3 | 2.5 |
| Export Price Index | 1.2 | 4.5 |
| Import Price Index | 0.8 | 4.8 |
| Producer Price Index | 1.7 | 3.5 |
| Price Index for domestic supply | 1.5 | 3.6 |
*Products from mining and quarrying, manufactured products, electricity, gas, heating, cooling, water and waste collection.
Changes in the last month
The monthly rate of change was positive on the domestic, export and import markets 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 contribution on the domestic market came from higher prices on trade services of electricity. Higher prices in distribution services of electricity, district heating in apartment buildings, water treatment and supply services, wood and products of wood, refined petroleum products and fabricated metal products also contributed upwards.
On the export market the main upward contribution came from higher prices on refined petroleum products. Prices also rose in motor vehicles, trailers and semi-trailers, other food products, wood and products of wood and other organic basic chemicals. This upturn was offset by price decreases on metals, paper and paperboard as well as other machinery and equipment.
The main contribution to the increase on the import market came from higher prices on crude oil. Prices also rose in refined petroleum products, basic pharmaceutical products and pharmaceutical preparations and computers and peripheral equipment. This upturn was offset by price decreases on metals and other machinery and equipment.
| Product group according to SPIN 2015 | Largest contributions, in percentage points, to total percentage change, December 2024– January 2025 |
||||
|---|---|---|---|---|---|
| Producer Price Index, home sales |
Export Price Index |
Import Price Index |
|||
| 06.1 | Crude oil | 0.6 | |||
| 10.8 | Other food products | 0.1 | |||
| 16 | Wood and products of wood | 0.1 | 0.1 | ||
| 17.12 | Paper and paperboard | ‑0.1 | |||
| 19.2 | Refined petroleum products | 0.1 | 0.5 | 0.1 | |
| 20.14 | Other organic basic chemicals | 0.1 | |||
| 21 | Basic pharmaceutical products and pharmaceutical preparations | 0.1 | |||
| 24 | Basic metals | ‑0.2 | ‑0.1 | ||
| 25 | Fabricated metal products | 0.1 | |||
| 26.2 | Computers and peripheral equipment | 0.1 | |||
| 28 | Other machinery and equipment | ‑0.1 | ‑0.1 | ||
| 29 | Motor vehicles, trailers and semi-trailers | 0.2 | |||
| 35.13 | Distribution services of electricity | 0.3 | |||
| 35.14 | Trade services of electricity | 0.9 | |||
| 35.3FB | District heating, apartment buildings | 0.2 | |||
| 36 | Natural water, water treatment and supply services | 0.2 | |||
Changes in the last year
The annual rate for the domestic market was 2.5 percent in January (1.4 percent in December). The annual rate for the export market was 4.5 percent during the same period (2.7 percent in December). On the import market, the annual rate in January was 4.8 percent (2.3 percent in December).
The annual rate of the Producer Price Index was 3.5 percent in January. Compared with January 2024, prices fell by 2.8 percent on energy-related products. Prices increased by 5.5 percent on consumer goods and increased by 3.7 percent on capital goods. The annual rate of the Producer Price Index excluding energy-related products was 4.5 percent.
The annual rate of the Price Index for Domestic Supply was 3.6 percent in January. Compared with January 2024, prices fell by 1.0 percent on energy-related products. Prices increased by 6.1 percent on consumer goods and increased by 4.0 percent on capital goods. The annual rate of the Price Index for Domestic Supply excluding energy-related products was 4.7 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.
| Currency | Change, percent (monthly) |
|---|---|
| December 2024– January 2025 |
|
| DKK | 1.1 |
| EUR | 1.1 |
| GBP | 1.7 |
| NOK | 1.9 |
| USD | ‑1.0 |
A positive number means that the Swedish krona was strengthened against that currency.
Changes in 2025
Change in data source for exchange rates and changes within 55.1 and 68.2. For further information, please see:
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.
Next publishing will be
Statistics for February will be published on 2025-03-25 at 08:00.
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.