Swedish PPI Slows In August

Sep 25, 2007 - The Swedish producer price index rose 4.2% year-on-year in August to 140.4, the Statistics Sweden said Tuesday. This compared to an increase of 5.5% seen in July. Economists expected an annual increase of 4.9% for the month of August.

On a monthly basis, the index declined 0.4% in August, after rising 0.4% in July. Economists expected a monthly rise of 0.2% for the month of August. The monthly decline was due to lower prices of iron, steel and ferro-alloys, mining and quarrying, chemicals and chemical products, motor vehicles and machinery, excluding computers.

Swedish import prices dropped 2.6% in August from the previous month, which was mainly due to lower prices of crude oil.. This compared to the growth of 1.4% in July. Annually, import prices slipped 0.1%, after an increase of 3.9% in July.