In August, consumer prices rose 0.1% over the previous month, which contrasted the 0.4% decrease recorded in July. According to Statistics Sweden (SCB), the reading was mainly influenced by higher prices for clothing and footwear. Owing to the subdued monthly price increase, annual headline inflation remained stable at July's 0.7%, which is well below the Central Bank's (Riksbank) inflation target of 2.0%. In addition, annual average inflation edged down from 2.0% in July to 1.8% in August. Meanwhile, the core inflation index - defined as the CPI with mortgage rates held constant - added 0.1% over the previous month, driving annual core inflation up to 0.9% in August (July: +0.8%). Riksbank expects inflation to moderate going forward and to average 1.2% in 2012 and 1.3% in 2013.
Inflation stabilizes in August
September 13, 2012
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Sweden Inflation Chart
Note: Year-on-year and month-on-month variation of consumer price index in %.
Source: Statistics Sweden (SCB).
Sweden Economic News
October 11, 2016
In September, consumer prices inched up 0.2% from the previous month, contrasting August’s 0.1% drop and falling short of market expectations of a 0.5% increase.
October 5, 2016
Industrial production dropped 4.1% from the previous month in seasonally-adjusted terms in August.
September 20, 2016
The Swedish economy lost steam in the first half of this year in comparison with 2015, although it remained amongst the best performing Nordic economies, which are suffering as the stagnation in global demand puts the brakes on their key exports sector.
September 13, 2016
In August, consumer prices inched down 0.1% over the previous month, contrasting both July’s 0.1% increase and market expectations of a flat reading.
September 7, 2016
At its 6 September policy meeting, the Riksbank decided to hold its repo rate at a record low of minus 0.50%, as expected by the market, and postponed the future interest rate hikes it had planned, which are now set for the second half of 2017.