Sweden Inflation May 2020

Sweden

Sweden: Consumer price pressure remains weak in May

June 11, 2020

Consumer prices with a fixed interest rate (CPIF)—which is closely followed by the Central Bank—increased 0.6% in May compared to the previous month, contrasting the 0.3% decrease in April and marking the largest increase in May since 2001. Most price categories saw increases in May after decreasing in April.

CPIF prices were broadly unchanged in May in year-on-year terms after falling 0.4% in April; the Central Bank targets increases in CPIF prices of between 1.0% and 3.0%. Annual average CPIF inflation slowed to 1.1% in May from 1.3% in April.

FocusEconomics Consensus Forecast panelists see CPIF inflation averaging 0.4% in 2020, which is down 0.2 percentage points from last month’s forecast, and 1.4% in 2021.


Author:, Economist

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Sweden Inflation May 20 20 0

Note: Year-on-year and month-on-month variation of consumer price index with a fixed interest rate (CPIF) in %.
Source: Statistics Sweden (SCB).


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