FX.co ★ Sweden Producer Prices Fall Further

According to Statistics Sweden, the country's producer prices have been declining for the tenth consecutive month due in large part to ongoing reductions in the costs of energy-related products. The Producer Price Index (PPI) saw a year-on-year decrease of 1.3 percent in February, although this is a less severe decline compared to January's 2.3 percent drop.

Notably, when energy-related products are excluded from the calculation, the annual rate of the PPI actually increased by 0.7 percent. On the domestic market, prices decreased by 1.2 percent in February.

Prices for energy-related goods took a significant hit with an 11.5 percent annual decrease in February. Conversely, consumer goods experienced a 2.4 percent price increase during the same period, whereas prices for capital goods experienced an even greater surge, climbing by 4.3 percent.

The monthly comparison showed that producer prices did not change in February, following a 0.3 percent increase in January. Furthermore, the data revealed a 1.6 percent annual decrease in import prices and a 1.4 percent decrease in the export price index.