Sweden Producer Inflation at Over 3-Year High

Producer prices in Sweden climbed by 4.7% year-on-year in April 2026, accelerating from a 2% rise in the previous month. This marked the second consecutive month of increase and the sharpest since February 2023, largely driven by persistently higher energy costs (27% vs 15.8% in March). Prices also rose at a faster rate for intermediate goods (4.1% vs 0.7%), while capital goods costs rebounded (0.6% vs -0.5%). Meanwhile, producer deflation deepened for consumer goods (-3.2% vs -2.4%), as prices declined further for non-durable goods (-3.9% vs -3.2%), while inflation eased for durable goods (2.4% vs 2.9%). Excluding energy-related products, producer prices rose by 1.4%, rebounding from a 0.5% fall in the prior month. On a monthly basis, producer prices went up by 1.1% in April, following a 0.6% gain in March. Domestic prices increased by 7.3%, mainly due to increases in refined petroleum and chemical products, while import costs climbed by 9%, driven by higher prices for crude oil.

Producer prices in Sweden rose by 2% year-on-year in March 2026, rebounding from a 1.7% decline in the previous month. This marked the first month of increase in five months and the sharpest since February 2025, largely driven by a 15.8% surge (vs 3.5% in February) in energy prices. Costs also increased for intermediate goods (0.7% vs -2.7%), while producer deflation softened for capital goods (-0.5% vs -2.7%) and consumer goods (-2.4% vs -3.6%). Within consumer goods, costs rose for durable goods (2.9% vs 0.8%), while it fell at a slower pace for non-durable goods (-3.2% vs -4.2%). Excluding energy-related products, producer prices fell by 0.5%, easing from a 3% drop in the prior month. On a monthly basis, producer prices went up by 0.6% in March, following a 0.2% gain in the preceding period. Domestic prices increased by 3.7%, driven by higher costs for refined petroleum products and fabricated metal products, while import prices rose by 3.7%, mainly due to increases in crude oil.

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.