Producer prices in Sweden decreased somewhat in February from a nearly 2-year high in the prior month, data from Statistics Sweden showed on Tuesday.
The producer price index rose 3.4 percent year-on-year in February, slower than the 3.5 percent rise in January, which was the steepest increase since March 2023.
Prices for energy-related products alone grew 8.4 percent from last year, and those for capital and consumer goods rose by 1.6 percent and 3.2 percent, respectively.
The annual rate of the producer price index, excluding energy-related products, climbed at a slower pace of 2.6 percent versus 4.5 percent growth in January.
On a monthly basis, producer prices dropped 0.1 percent, reversing a 1.7 percent rise in January.
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March 28, 2025 11:47 ET Revised growth data for the U.S. economy was the highlight of the week that also had some key reports from other major economies. The fourth quarter growth figures underwent revision in the latest report. Elsewhere, a survey revealed the U.S. consumers’ view on the economy. In mainland Europe, a survey in Germany revealed the business leaders’ assessment of the current situation and their hopes for the future. In other news, inflation data from the U.K. and Australia were in focus.