Sweden Producer Deflation Eases in February

Producer prices in Sweden decreased 1.7% year-on-year in February 2026, easing from a 2.0% decline in January. Softer price declines was seen across most industrial groupings, namely capital goods (-2.7% vs -3.5% in January), intermediate goods (-2.7% vs -3.1%), and consumer goods (-3.6% vs -4.5%). Within consumer goods, costs for non-durable goods fell at a slower pace (-4.2% vs -5.4%), while price growth for durable goods eased (0.8% vs 1.4%). In addition, energy inflation decelerated (3.5% vs 5.8%). Excluding energy-related products, producer prices dropped 3.0%, following a 3.6% decline in the previous month. On a monthly basis, producer prices edged up 0.2%, slowing from a 2.4% increase 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.