Record inflation, ie price increases, has now been at the center for some time.
But then it has been about the prices you and I paid in previous months.
In recent weeks, the price of raw materials has fallen sharply.
From the top, at the beginning of Russia's offensive war against Ukraine, the case is about 25 percent.
Then energy is not included.
At the same time, oil prices have fallen by 20 percent.
Jens Magnusson, who is chief economist at the bank SEB, tells SVT that there are two reasons for the price drop:
- One is that the general view of the economy has become gloomier.
More people believe in a recession, and then it consumes less raw materials, and then the price drops.
Second reason: Developments in China
Jens Magnusson believes that the second reason for the fall in prices is the development in China.
There, companies have had tougher conditions, which has also contributed to declining demand for raw materials.
This is about the first step in the pricing chain, ie companies' prices.
A fall in prices has not yet reached our private wallets.
- A couple of steps later, it can also affect consumer prices, what we mean by inflation.
But it takes a number of months before it takes effect, says Jens Magnusson.
Good news for mortgage borrowers
But there is good news in addition to the fall in prices indicating worse economic times.
Expectations of interest rate hikes have also been subdued as prices do not appear to be rising as much as feared.
Something the Riksbank is fighting with precisely interest rate increases.
This has led banks to lower interest rates on longer-term mortgages.
- In the long run, this will lower the pressure on the central banks to raise interest rates.
This can be good news for not least all mortgage borrowers, says Jens Magnusson.