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Factory Gate Inflation Continues to Accelerate

SWEDEN
MNI (London)

SWEDEN JUN PPI +2.5% M/M, +25.6% Y/Y; MAY +24.4% Y/Y

  • A further uptick of 2.5% m/m and acceleration to +25.6% y/y for Swedish producer prices in June to the highest annual rate since 1991.
  • No relief was seen from energy prices over the month, which were up 81.9% y/y.
  • Depreciation in the Krona contributed to further imported inflation, resulting in a 3.7% m/m increase in the import price index in June.
  • Headline PPI ex. energy rose to +17.3% y/y.
  • With the next Riksbank meeting not until September 19, signs of easing commodity prices remain yet to materialise for the Swedish economy.


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SWEDEN JUN PPI +2.5% M/M, +25.6% Y/Y; MAY +24.4% Y/Y

  • A further uptick of 2.5% m/m and acceleration to +25.6% y/y for Swedish producer prices in June to the highest annual rate since 1991.
  • No relief was seen from energy prices over the month, which were up 81.9% y/y.
  • Depreciation in the Krona contributed to further imported inflation, resulting in a 3.7% m/m increase in the import price index in June.
  • Headline PPI ex. energy rose to +17.3% y/y.
  • With the next Riksbank meeting not until September 19, signs of easing commodity prices remain yet to materialise for the Swedish economy.