Sweden’s producer price inflation accelerated to its highest level in four months in February, Statistics Sweden showed Thursday.
The producer price index rose 1.9 percent annually following a 0.2 percent gain in the previous month. In December, prices dropped 0.1 percent.
The latest increase was the highest since October last year, when producer prices climbed 1.3 percent.
Domestic market producer prices declined 0.2 percent. Producer prices on the export market rose 4 percent and prices on the import market grew 0.6 percent.
The rise in export prices can be partly explained by the continued strengthening of the US dollar against the Swedish krona, the agency said.
On a month-on-month basis, the producer price index rose 1.1 percent in February.
Import prices increased 2.7 percent monthly following seven months of decline. Domestic market prices climbed 0.5 percent and 1.6 percent on the export market.
The material has been provided by InstaForex Company – www.instaforex.com