Producer prices in Sweden rose 4.9% year-on-year in April 2019, easing from a 6.3% surge in the previous month. This is the lowest producer inflation since April last year, as prices increased less for manufacturing (4.7% vs 6.5% in March) and mining & quarrying (18.8% vs 20.3%). In contrast, cost grew faster for electricity, gas, steam & air conditioning supply (6.0% vs 2.7%) and it rebounded for water supply (0.2% vs -0.8%). On a monthly basis, producer prices decreased 0.7%, after gaining 1.2% in the previous month. Import prices were unchanged from the prior month in April while export prices fell 0.7%. A further increase in crude oil prices contributed on the import market. This upward contribution was offset by lower prices on chemicals and chemical products, communication equipment and motor vehicles, trailers and semi-trailers. The main contributor to the downturn on the export market was lower prices for paper and paper products 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 4.20 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 2.50 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.