Financial News: Sweden Producer Prices Fall 1.3%

Sweden Producer Prices Fall 1.3%

11/26/2024 - 03:27:00 (RTTNews)

(RTTNews) - Producer prices in Sweden decreased for the second straight month in October amid a sharp fall in energy-related products, figures from Statistics Sweden showed on Tuesday.

The producer price index dropped 1.3 percent year-on-year in October, slower than the 2.3 percent fall in September.

Costs for energy-related goods tumbled by 12.9 percent from last year, and capital goods prices edged down by 0.1 percent. On the other hand, prices for consumer goods were up 1.8 percent.

The annual rate of the producer price index, excluding energy-related products, showed an increase of 0.5 percent.

Meanwhile, prices in the domestic market increased 0.9 percent versus a 0.2 percent gain in September.

Monthly, producer prices rose 0.5 percent in October after falling 1.8 percent in the prior month.

Data also showed that import prices declined 5.0 percent annually, and the export price index was 3.4 percent lower.

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