China Producer Price Index (YoY) below forecasts (-2.6%) in April: Actual (-2.7%)
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Tag: PPI
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China Producer Price Index (YoY) below forecasts (-2.6%) in April: Actual (-2.7%)
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Sweden Producer Prices Fall 0.3%
Producer prices in Sweden decreased for the first time in five months in March, data from Statistics Sweden showed on Monday.
The producer price index dropped 0.3 percent year-on-year in March, reversing a 3.4 percent increase in February.
Appreciation of the Swedish krona led to lower prices on all markets, the agency said.
Prices for trade services of electricity on the domestic market showed a sharp annual decline of 18.8 percent.
Prices for energy-related products alone plunged by 8.4 percent from last year, while those for capital and consumer goods rose by 0.3 percent and 1.9 percent, respectively.
Excluding energy-related products, the producer price index climbed 1.1 percent from last year.
On a monthly basis, producer prices dropped 0.1 percent, following a 0.9 percent decrease in March.
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Estonia Producer Prices Rise 6.1%
Estonia’s producer prices increased markedly in February, figures from Statistics Estonia showed on Thursday.
The producer price index rose 6.1 percent year-on-year in February after remaining flat in the previous month.
The sharp growth in February was mainly driven by price increases in electricity production, in the manufacture of wood and wood products, and in the manufacture of food products, the agency said.
Producer prices increased by 2.3 percent in manufacturing as a whole and by 2.9 percent in the manufacture of food products.
On a monthly basis, producer prices climbed 3.3 percent in February.
Data also showed that import prices rose by 2.9 percent monthly and by 6.4 percent annually in February. Export prices rose 1.9 percent over the month, and they advanced 8.1 percent from a year ago.
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Germany Producer Price Index (YoY) came in at 0.7% below forecasts (1%) in February
Germany Producer Price Index (YoY) came in at 0.7% below forecasts (1%) in February
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Lithuanian Producer Prices Fall 1.7%
Lithuania’s producer prices decreased in January after rising in the previous month, data from Statistics Lithuania showed on Thursday.
The producer price index dropped 1.7 percent year-on-year in January, reversing a 0.3 percent rise in December, which was the first increase in five months.
Prices in the domestic market alone fell by 5.3 percent, while those in the foreign market rose by 1.5 percent.
Among sectors, prices in the utility sector plunged the most by 14.9 percent annually, and mining and quarrying prices slid by 1.5 percent. Meanwhile, a price growth of 0.4 percent was seen in the manufacturing segment.
On a monthly basis, producer prices climbed 1.1 percent in January following a 0.5 percent rise in the prior month. Prices increased for the fourth straight month.
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South Korea Producer Price Inflation Rises To 5-Month High
South Korea’s producer price inflation accelerated for the second straight month in December to the highest level in five months, preliminary data published by the Bank of Korea showed on Tuesday.
Producer prices increased 1.7 percent year-on-year in December, after a 1.4 percent rise in November.
Further, this was the highest inflation rate since July, when prices had risen 2.6 percent.
Prices for manufacturing products alone grew by 1.2 percent compared to last year, and those for wood and wood products climbed by 2.9 percent. Meanwhile, the costs for mining products were 3.8 percent cheaper.
On a monthly basis, producer prices rose 0.3 percent in December versus a 0.1 percent increase in November.
The average annual producer price inflation for the year 2024 was also 1.7 percent.
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Pound Sterling Price News and Forecast: GBP/USD tumbles below 1.2200 after US PPI data
The GBP/USD plunged below 1.2200 during the North American session following the release of US producer price inflation data, which hinted that prices dipped slightly but close to Wall Street’s estimates.
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