Producer prices in Sweden increased 6.3 percent year-on-year in March of 2019, the same as in the previous month. Prices rose faster for manufacturing (6.5 percent from 6 percent in February) and mining & quarrying (20.3 percent from 11.2 percent) while cost slowed for electricity, gas, steam & air conditioning supply (2.7 percent from 11.3 percent). Meanwhile, cost of water supply, sewerage, waste management & remediation services dropped more (-0.8 percent from -0.7 percent). On a monthly basis, producer prices jumped 1.2 percent, following a 0.2 percent gain in February. Both import and export prices increased 2.3 percent from a month earlier in March, mainly due to a weaker Swedish krona. On the import market, crude oil prices continued to contribute to the upturn. Furthermore, higher prices on motor vehicles, trailers and semi-trailers have contributed to the rise of the export price index on a monthly basis. The upturn was offset by lower prices on electricity on all markets. Producer Prices Change in Sweden averaged 1.87 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.