Sweden Producer Prices Fall 0.7%

(RTTNews) - Producer prices in Sweden decreased for the sixth straight month in August, data from Statistics Sweden showed on Thursday.

The producer price index dropped 0.7 percent year-on-year in August, following a 0.6 percent decrease in July.

Prices for capital goods declined 2.2 percent from last year. Meanwhile, costs for consumer goods increased by 0.6 percent, and those for energy-related products climbed by 10.9 percent.

Excluding energy-related products, the producer price index also decreased 2.2 percent from last year.

On a monthly basis, producer prices rose 0.5 percent, following a 1.1 percent rise in July.