FX.co ★ Swedish Producer Prices Fall Softer in January

Producer prices in Sweden fell 2% year-on-year in January 2026, easing from a six-month low decline of 2.7% in December. Energy prices rebounded, rising 5.8% after a 2.8% drop in December 2025. Deflation in intermediate goods also moderated slightly, with prices falling 3.1% compared with a 3.2% decline in the previous month.

By contrast, price declines deepened for several categories: capital goods (-3.5% vs -2.5%), consumer goods (-4.5% vs -1.6%), and non-durable consumer goods (-5.4% vs -2.8%). Durable consumer goods, which had previously posted price gains, shifted to a decline of 1.4% following a 2.4% increase.

Domestic producer prices rose 4.8%, driven by higher costs for basic metals, forestry and logging, and grain mill products. Import prices edged up 0.1%, held back by lower prices for refined petroleum products, electrical equipment, and rubber and plastic products.

On a monthly basis, producer prices increased 2.4% in January, sharply reversing a 1.1% decline in the previous month.