Sweden Producer Price Inflation Rises Further; Trade Deficit Widens


Sweden’s producer prices rose at the fastest rate in August and trade deficit increased from last year, figures from Statistics Sweden showed on Tuesday.

The producer price index grew 22.0 percent year-on-year in August, following a 20.4 percent rise in July.

Import prices increased 31.7 percent yearly in August and rose 1.1 percent from a month ago.

Export prices grew 21.1 percent annually in August and increased 2.3 percent from the previous month.

On a monthly basis, producer prices rose 3.3 percent in August.

All the markets were affected by higher prices for electricity, the agency said.

Separate data from the statistical office showed that the trade deficit widened to SEK 18.4 billion in August from SEK 11.1 billion in the same month last year. In July, the trade surplus was SEK 3.9 billion.

Exports grew 29.0 percent annually in August and imports rose 32.0 percent.

On a seasonally adjusted basis, the trade deficit widened to SEK 8.2 billion in August from SEK 7.8 billion in the previous month.

For comments and feedback contact: editorial@rttnews.com

Economic News

What parts of the world are seeing the best (and worst) economic performances lately? Click here to check out our Econ Scorecard and find out! See up-to-the-moment rankings for the best and worst performers in GDP, unemployment rate, inflation and much more.

Related Articles


Your email address will not be published. Required fields are marked *