Producer prices in Sweden rose 2.5 percent year-on-year in June 2019, slowing from a 3.5 percent gain in the previous month. It was the lowest producer inflation rate since January last year, as manufacturing cost eased (2.8 percent vs 3.1percent in May) while prices fell for electricity, gas, steam & air conditioning supply (-5.5 percent vs 8.3 percent) and water supply, sewerage, waste management & remediation services (-3.2 percent vs -1.4 percent). On the other hand, mining & quarrying cost advanced faster (20.0 percent vs 14.7 percent). On a monthly basis, producer prices dropped 0.2 percent, from a flat reading in the prior month. Also, a weaker Swedish Krona contributed to an increase in prices on the import and export market. 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 2.40 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.