Producer prices in Sweden increased 6.3 percent year-on-year in February 2019, following a 5.6 percent gain in the previous month. Price rose further for manufacturing (6.0 percent from 4.5 percent in January) and mining & quarrying (11.2 percent from 5.6 percent). Also, cost of water supply, sewerage, waste management & remediation services dropped less (-0.7 percent from -3.4 percent). Meanwhile, prices of electricity, gas, steam & air conditioning supply slowed (11.3 percent from 22.6 percent). On a monthly basis, producer prices went up 0.2 percent, easing from a 0.8 percent rise in the previous month. On the import market, crude oil prices contributed to the upturn (+7.6 percent), while on the domestic market, higher prices of motor vehicles, trailers and semi-trailers and basic precious and other non-ferrous metals were the main contributors. Producer Prices Change in Sweden averaged 1.85 percent from 1991 until 2019, reaching an all time high of 10.81 percent in May of 1995 and a record low of -5.29 percent in April of 2013.
Producer Prices Change in Sweden is expected to be 3.60 percent by the end of this quarter, according to Trading Economics global macro models and analysts expectations. Looking forward, we estimate Producer Prices Change in Sweden to stand at 2.20 in 12 months time. In the long-term, the Sweden Producer Prices Change is projected to trend around 3.20 percent in 2020, according to our econometric models.