Swedish Producer Prices Fall Softer in January

Producer prices in Sweden fell 2% year-on-year in January 2026, moderating from a six-month low of 2.7% in the previous month. Energy prices rebounded, rising 5.8%, compared with a 2.8% drop in December 2025. At the same time, deflation eased slightly for intermediate goods, falling 3.1% from 3.2%. which fell 3.1% from 3.2%. In contrast, prices dropped more sharply for capital goods (-3.5% vs -2.5%), consumer goods (-4.5% vs -1.6%), and non-durable consumer goods (-5.4% vs -2.8%). Durable consumer goods also saw slower price growth, declining 1.4%, down from 2.4%. Domestic prices grew by 4.8%, supported by higher costs for basic metals, forestry and logging, and grain mill products, while import prices saw a moderate increase of 0.1%, weighed down by lower costs for refined petroleum products, electrical equipment, and rubber and plastic products. On a monthly basis, producer prices rose 2.4%, rebounding sharply from a 1.1% fall in the preceding period.

Producer prices in Sweden fell 2.7% year on year in December 2025, following a 1.4% decline in November, marking the steepest drop since June. Prices for consumer goods decreased by 1.6%, compared with a 1.2% fall in November, while capital goods recorded a sharper decline of 2.5%, versus a 1.5% drop previously. Meanwhile, energy-related products fell 2.8%, after rising 2.8% in November. Excluding energy-related products, producer prices were down 2.7%, compared with a 2.0% decline in the prior month. On a monthly basis, producer prices fell 1.1%, reversing a 1.2% gain in November, marking the first monthly decline in three months. Domestic prices declined 1.0%, weighed down by lower costs for refined petroleum, machinery, basic chemicals, and electricity trade services, while import prices fell 1.1%, mainly due to declines in refined petroleum, crude oil, and food products.

Producer prices in Sweden dropped 1.4% year-on-year in November 2025, following a 0.4% rise in October, marking the largest decline since June. Prices declined 1.2% for consumer goods, compared with a 0.7% decrease in October, while capital goods also saw a sharper drop of 1.5% compared with a 1.1% decline previously. Meanwhile, growth for energy-related products moderated sharply, easing to 2.8% from 15.2% in October. Excluding energy-related products, producer prices were down 2%, compared with a 1.6% decline in the prior period. On a monthly basis, producer prices rose 1.2%, the largest increase since January, following a 0.4% gain in October. Domestic prices increased 1.8%, driven by higher costs for petroleum, machinery, metals, and vehicles, while import prices rose 0.4%, mainly due to increases in petroleum, computers, and machinery.