Producer and import price index, June 2019
Lower prices for energy related goods
Statistical news from Statistics Sweden 2019-07-25 9.30
The prices for energy related goods decreased on all markets between May and June. The downturn on the export market was 13.7 percent.
The prices for energy related goods decreased by 5.9 percent on the domestic market and by 4.8 percent on the import market. Crude oil prices fell by 3.1 percent in June. This was the first decline of the year for crude oil.
Changes during the last month
The Producer Price Index decreased by 0.2 percent between May and June 2019. In the same period, prices increased on the import market by 0.7 percent and on the export market by 0.5 percent, mainly because of a weaker Swedish krona. Prices decreased by 0.9 percent on the domestic market. Domestic supply prices, that is, producer prices on the domestic market and import prices together was unchanged between May and June.
Changes during the last year
The Producer Price Index annual rate in June was 2.5 percent (3.5 percent in May). On the export and import market, the annual rate was 3.4 percent and 2.4 percent respectively and 1.6 percent on the domestic market. The annual rate of domestic supply prices was 2.1 percent.
| Total: B–E* | Index | Change, percent (monthly) |
Change, percent (yearly) |
|---|---|---|---|
| June 2019, 2015=100 |
May 2019– June 2019 |
June 2018– June 2019 |
|
| Producer Price Index | 114.3 | ‑0.2 | 2.5 |
| Manufacturing | 113.2 | 0.1 | 2.8 |
| Producer Price Index, home sales | 111.7 | ‑0.9 | 1.6 |
| Electricity, gas, heating | 108.1 | ‑5.9 | ‑1.3 |
| Electricity | 112.4 | ‑16.3 | ‑18.0 |
| Export Price Index | 116.9 | 0.5 | 3.4 |
| Import Price Index | 116.3 | 0.7 | 2.4 |
| Price Index for domestic supply | 114.2 | 0.0 | 2.1 |
| Consumer goods | 110.8 | 1.5 | 3.9 |
| Capital goods | 108.8 | 1.2 | 3.5 |
| Intermediate goods | 115.6 | 0.8 | 2.8 |
| Energy related goods** | 125.4 | ‑5.4 | ‑3.1 |
* 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 raise export and import prices in Swedish krona. According to Swedish Customs’ exchange rates, from May to June, the Swedish krona depreciated against the US dollar by 4.4 percent, against the Danish krona by 2.9 percent, against the euro by 2.6 percent, against the British pound by 1.2 percent and against the Norwegian krona by 1.0 percent.
In the last year, the Swedish krona has weakened, mainly against the US dollar, by 9.8 percent, but also against the euro by 4.5 percent, against the Danish krona by 4.3 percent, against the British pound by 3.9 percent and against the Norwegian krona by 1.9 percent.
| Product group according to SPIN 2015 | Largest contributions, in percentage points, to total percentage change, May 2019– June 2019 | |||||
|---|---|---|---|---|---|---|
| Producer Price Index, home sales | Export Price Index | Import Price Index | ||||
| 06.1 | Crude oil | ‑0.2 | ||||
| 10 | Food products | 0.1 | ||||
| 17.11 | Pulp | ‑0.1 | ||||
| 17.12 | Paper and paperboard | 0.1 | ||||
| 20 | Chemicals and chemical products | 0.1 | ||||
| 20.16 | Plastics in primary forms | 0.1 | ||||
| 21.2 | Pharmaceutical preparations | 0.1 | ||||
| 22 | Rubber and plastic products | 0.1 | ||||
| 24 | Basic metals | 0.1 | 0.1 | |||
| 25 | Fabricated metal products, except machinery and equipment | 0.1 | ||||
| 26 | Computer, electronic and optical products | 0.1 | 0.2 | |||
| 28 | Machinery and equipment n.e.c. | 0.2 | 0.2 | |||
| 29 | Motor vehicles, trailers and semi-trailers | 0.4 | 0.2 | |||
| 35.11 | Electricity | ‑0.7 | ‑0.3 | ‑0.1 | ||
Next publishing will be
Statistics for July will be published on 2019-08-27 at 09:30.
Statistical Database
More information is available in the Statistical Database
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