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Financial News: Sweden Producer Price Inflation Highest In 3 Months

Sweden Producer Price Inflation Highest In 3 Months

12/20/2019 - 06:17:00 (RTTNews)

(RTTNews) - Sweden's producer price inflation rose at the fastest rate in three months in November, figures from Statistics Sweden showed on Friday.

The producer price index rose 1.2 percent year-on-year in November, following a 0.9 percent increase in October.

The latest inflation was the highest since August, when prices rose 1.4 percent.

Import prices gained 1.8 percent on a yearly basis and increased 0.3 percent from a month ago.

At the same time, export prices also rose 1.8 percent annually in November but edged down 0.1 percent from the previous month.

On a monthly basis, producer prices increased 0.3 percent in November.

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