Statistics Sweden reports that the Producer Price Index (PPI) fell by 0.5 percent in May 2025 compared to April, marking a continued decline across domestic, export, and import markets. Export prices dropped by 0.5 percent, while import prices saw a steeper decline of 1.1 percent. On the domestic front, prices decreased by 0.4 percent.
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The annual rate of the Producer Price Index was -2.8 percent in May, a slight acceleration from -2.4 percent in April, reflecting persistent price pressures in Sweden's production sectors.
A significant factor contributing to the monthly decreases was the fall in prices for refined petroleum products across all markets. Meanwhile, on the domestic market, rising prices for trade services related to electricity partially offset these declines.
The report highlights that "prices decreased by 0.5 percent on the export market and decreased by 1.1 percent on the import market." Further, "prices for refined petroleum products decreased in all markets in May compared to April 2025," indicating energy-related sectors as key drivers behind the downward trend.
In the domestic market, the largest negative impact came from lower district heating prices, alongside drops in waste collection, treatment and disposal services, and basic chemicals. Conversely, prices rose for trade services of electricity and preserved meat products.
On the export market, falling prices in basic chemicals, refined petroleum, machinery, motor vehicles, iron and steel, and waste services were partly balanced by higher prices for sawn and planed wood. The import market's price reductions were led by crude oil, communication equipment, transport equipment, precious metals, and motor vehicles.
The annual rate for consumer goods' prices on the domestic market slowed markedly, dropping from 2.6 percent in April to just 0.5 percent in May, signalling a softer inflation environment for end consumers.
The overall Price Index for Domestic Supply also declined by 0.8 percent month-on-month, with an annual decrease of 3.4 percent, underscoring the broader trend of easing price pressures in Swedish markets.
More information:
Statistics Sweden
www.scb.se