Published September 26, 2021 at 1:46 pm
Economics. Statistics Sweden keeps the inflation measure CPI down to 2.1 per cent through clever measurement methods. But in the authority's more rigid price index for the producer level, a revealing picture is given. There, prices are now increasing by 18 percent per year – the fastest rate in 30 years according to Statistics Sweden.
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In the domestic market, they do not look much better, where prices are now increasing by 14.2 per year according to the domestic price index (HMPI). The index shows the price development for Swedish-made products that are for sale in Sweden.
Import prices also rose sharply and the rate of increase in these was 11.9 per cent per year in August. This is according to the import price index (IMPI) which shows the prices of imported products available for sale in Sweden.
Finally, the price development for Swedish producers' production in Sweden available for sale abroad, the so-called export price index (EXPI) has skyrocketed away really. The rate of increase is thus 17.9 percent per year ..
The figures differ considerably from the same month before the pandemic and the support packages struck. In August 2019, prices according to both the export price index, the domestic price index and the import price index increased by 1.4 per cent per year, according to Statistics Sweden.
Inflation
- Coffee price up 60 percent since January
- Food prices have risen by 40 percent in one year
- Used car prices are rising