Sweden Inflation April 2019

Sweden

Sweden: CPI and CPIF inflation accelerate in April

May 14, 2019

The consumer price index (CPI) rose 0.7% in April compared to the previous month, up from 0.2% in March. This was primarily caused by a pike in transport prices. CPI inflation accelerated to 2.1% in April from 1.9% in March. Core CPI inflation, which excludes volatile energy costs, hit 2.0% in April, up from 1.8% in March.

The CPI with a fixed interest rate (CPIF)—a key metric followed by the Central Bank—accelerated to 2.0% in April from 1.8% in March, hitting the mid-point of the Central Bank’s 1.0%–3.0% tolerance band but undershooting the 2.1% inflation rate that the Central Bank had expected. Core CPIF inflation inched up to 1.6% from 1.5%.

FocusEconomics panelists expect CPI inflation to average 1.8% in 2019, which is down 0.1 percentage points from last month’s forecast, and 1.9% in 2020. Our panelists see CPIF inflation averaging 1.8% in 2019 and 1.8% again in 2020.


Author:, Economist

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Sweden Inflation April 2019 1

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


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