Sweden: Consumer price pressure remains weak in May
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.