Producer prices in Sweden increased 1.4 percent year-on-year in August of 2019, easing from a 2.0 percent rise in the previous month. It was the lowest producer inflation since September of 2016, as manufacturing prices slowed (1.3 percent vs 2.0 percent in July) while electricity, gas, steam & air conditioning supply continued to fall (-1.7 percent vs -1.5 percent). On the other hand, mining & quarrying prices advanced faster (24.3 percent vs 23.9 percent) while water supply, sewerage, waste management & remediation services cost declined at a softer pace (-1.3 percent vs -3.8 percent). On a monthly basis, producer prices dropped 0.5 percent, after a 0.3 percent increase in the prior month. Producer Prices Change in Sweden averaged 1.88 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 2.30 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 2.90 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.