Sweden's Producer Price Index y/y reflects the average change in selling prices for goods produced by Swedish industrial companies in the reported month compared to the same month a year ago. Thus, the index shows price changes from the producer perspective.
The PPI is an early indicator of consumer prices and inflation. It is a more accurate preliminary indicator, if compared to CPI: if producer prices grow, consumer prices are expected to grow accordingly. The PPI growth can be seen as positive for the SEK quotes.