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Sweden Producer Prices Surge In August

Sweden’s producer prices continued to increase in August, figures from Statistics Sweden showed on Friday.

The producer price index grew 14.2 percent year-on-year in August, following a 13.5 percent rise in July. Prices rose for the eight month in a row.

Import prices increased 11.9 percent yearly in August and rose 1.4 percent from a month ago.

Export prices grew 17.9 percent annually in August and increased 2.2 percent from the previous month.

On a monthly basis, producer prices gained 1.8 percent in August.

The material has been provided by InstaForex Company – www.instaforex.com