Producer Prices Drop in June Despite Rising Import Costs

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Producer Prices Drop in June Despite Rising Import Costs
Photo: Johan Nilsson/TT

Producer prices fell 0,6 percent in June compared to the previous month, according to the Statistical Central Bureau's producer price index. Compared to June last year, the decline was 3,1 percent.

On the export market, prices for producers rose by 0.1 percent, while prices on the domestic market fell 1.3 percent compared to the previous month. However, import prices rose 1.1 percent in June compared to May, according to SCB.

Prices for refined petroleum products – such as gasoline and diesel – turned upwards after four months in a row. But prices for electricity and district heating pulled downwards.

Price development in the producer segment can affect inflation and interest rates in the Swedish economy.

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By TTEnglish edition by Sweden Herald, adapted for our readers

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