Swedish Producer Prices Decline by 0.5 Percent in May

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Swedish Producer Prices Decline by 0.5 Percent in May
Photo: Björn Larsson Rosvall/TT

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The Swedish producer prices (PPI) fell by 0.5 percent in May compared to the previous month. This means a price decrease at an annual rate of 2.8 percent, reports the Statistical Central Bureau (SCB).

In the export market, prices fell by 0.5 percent and in the import market they fell by 1.1 percent. In the domestic market, prices fell by 0.4 percent, according to SCB.

Price decreases in the producer sector in turn affect the prices in the consumer sector and thus inflation and the interest rate situation for Swedish households and companies.

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By TTEnglish edition by Sweden Herald, adapted for local and international readers

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