Sweden Inflation

Sweden

Sweden: Consumer prices fall to six-month low in September over the same month last year

October 14, 2014

In September, consumer prices increased 0.2% over the previous month, which contrasted the 0.1% decrease recorded in August. According to Statistics Sweden (SCB), September’s print was the result of higher prices for clothing, which were partially offset by lower prices for food and international flights.

Consumer prices fell 0.4% in September over the same month last year, which was below the 0.2% decrease tallied in August and marked the lowest reading in six months. Inflation remains well below the Central Bank’s target of 2.0%. Annual average variation in consumer prices held steady at minus 0.1% for the twelfth consecutive month.

Meanwhile, annual core inflation—defined as the CPI with mortgage rates held constant—ticked down from 0.5% in August to 0.3% in September.

The Central Bank expects inflation to be flat in 2014 and to average 1.3% in 2015. FocusEconomics Consensus Forecast panelists expect inflation to remain flat in 2014. For 2015, the panel sees average inflation at 1.3%.


Author:, Economist

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Sweden Inflation Chart


Sweden Inflation September 2014

Note: Year-on-year and month-on-month variation of consumer price index in %.
Source: Statistics Sweden (SCB).


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