Lower prices on the domestic market in August 2024 in Sweden
The Producer Price Index rose by 0.6 percent in August compared to July 2024. Prices increased by 1.9 percent on the export market and increased by 2.2 percent on the import market. On the domestic market, prices decreased by 0.7 percent. The annual rate according to the Producer Price Index was 1.2 percent in August (-0.1 percent in July).
In brief
- Lower prices on energy related goods contributed downwards on all markets, on the yearly rates as well as the monthly rates.
- The annual rate of the Producer Price Index excluding energy-related products increased from 0.8 percent in July to 3.7 percent in August.
- The annual rate for consumer goods in Price Index for Domestic Supply increased from -0.5 percent in July to 2.8 percent in August.
| Total: SPIN B–E* | Change, percent (monthly) |
Change, percent (yearly) |
|---|---|---|
| July 2024– August 2024 |
August 2023– August 2024 |
|
| Producer Price Index, home sales | ‑0.7 | 0.7 |
| Export Price Index | 1.9 | 1.6 |
| Import Price Index | 2.2 | 1.6 |
| Producer Price Index | 0.6 | 1.2 |
| Price Index for domestic supply | 0.9 | 1.3 |
*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 export and import markets, but negative on the domestic market in August. 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 largest negative contribution on the domestic market came from lower prices on trade services of electricity. Prices also fell within refined petroleum products and fabricated metal products. This downturn was offset by higher prices on electrical equipment.
On the export market the main upward contribution came from higher prices on other machinery and equipment. Prices also rose in motor vehicles, chemicals and chemical products, paper and paperboard, as well as several other product groups. This upturn was offset by price decreases on refined petroleum products, generation of electricity and basic iron and steel.
The main contribution to the increase on the import market came from higher prices on motor vehicles, trailers and semi-trailers. Prices also rose in food products, electrical equipment, computer, electronic and optical products, chemicals and chemical products, other machinery and equipment, as well as several other product groups. This upturn was offset by price decreases on crude oil and generation of electricity.
Source: Statistics Sweden
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