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Financial News: Sweden Producer Prices At 3-1/2-year Low

Sweden Producer Prices At 3-1/2-year Low

03/25/2020 - 04:47:00 (RTTNews)

(RTTNews) - Sweden's producer price declined to the lowest level in three-and-a-half years in February, figures from Statistics Sweden showed on Wednesday.

The producer price index declined 1.2 percent year-on-year in February, following a 0.4 percent decrease in January.

The latest decline was the lowest since July 2016, when prices fell 1.9 percent.

Import prices rose 0.4 percent on a yearly basis and decreased 0.9 percent from a month ago.

Export prices declined 1.3 percent annually in February and fell 0.4 percent from the previous month.

On a monthly basis, producer prices decreased 0.6 percent in February.

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