FX.co ★ Sweden Producer Inflation at Over 3-Year High

Producer prices in Sweden rose by 4.7% year-on-year in April 2026, quickening from a 2% increase in March. This was the second consecutive monthly gain and the strongest annual rise since February 2023, largely reflecting sustained growth in energy prices (27% vs 15.8% in March). Price growth also accelerated for intermediate goods (4.1% vs 0.7%), while the cost of capital goods returned to positive territory (0.6% vs -0.5%).

At the same time, producer deflation in consumer goods intensified (-3.2% vs -2.4%), with prices falling further for non-durable goods (-3.9% vs -3.2%), even as inflation moderated for durable goods (2.4% vs 2.9%). Excluding energy-related products, producer prices increased by 1.4%, rebounding from a 0.5% decline in the previous month.

On a monthly basis, producer prices rose by 1.1% in April, after a 0.6% gain in March. Domestic prices increased by 7.3%, mainly driven by higher prices for refined petroleum and chemical products, while import prices climbed by 9%, supported by rising crude oil costs.