Sweden: Inflation comes in at highest level in 13 years in September
Consumer prices with a fixed interest rate increased 0.53% in September over the previous month, matching August’s reading. Looking at the details of the release, prices for housing and electricity were the key drivers of the monthly rise.
CPIF inflation in annual terms increased to 2.8% in September, following August’s 2.4%. September’s reading was the highest inflation rate since September 2008. As such, the trend pointed up mildly, with annual average inflation edging up to 1.6% in September (August: 1.4%).