Producer prices in Sweden increased 6.6% year-on-year in May 2026, accelerating from a 4.7% rise in the previous month. It was the third consecutive month of increases and the sharpest rise since February 2023, largely driven by persistently higher energy costs (32.7% vs 27.0% in April). Prices also rose at a faster pace for capital goods (1.4% vs 0.6%) and intermediate goods (6.0% vs 4.1%), while consumer goods prices continued to decline (-2.7% vs -3.2%). Excluding energy-related products, producer prices rose 2.7%, accelerating from a 1.4% increase in the previous month. On a monthly basis, producer prices increased 1.3% in May, following a 1.1% gain in April and marking the fastest monthly increase in four months. Meanwhile, domestic prices advanced by 7.8%, after rising 5.5% in April. “The main driver behind the price increase in the domestic market in May came from higher prices for trade services for electricity”, says Maria Bäckström, statistician at Statistics Sweden.

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