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Sweden Producer Prices Fall Further

Sweden’s producer prices declined for the fifth straight month in September amid a continued slump in costs for energy-related products, figures from Statistics Sweden showed on Wednesday.

The producer price index dropped 4.6 percent year-on-year in September, though slower than the 5.9 percent fall in August.

The annual rate of the producer price index, excluding energy-related products, was an increase of 4.5 percent.

Prices in the domestic market alone decreased at a stable rate of 9.3 percent.

Prices for energy-related goods fell sharply by 37.0 percent annually in September. Meanwhile, prices of consumer goods gained 6.1 percent, and those of capital goods climbed 9.1 percent.

Monthly, producer prices increased 1.8 percent in September, reversing a 0.7 percent fall seen in the preceding month.

Data also showed that import prices fell 0.7 percent yearly, while the export price index was 0.8 percent higher.

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