Sweden Inflation August 2019

Sweden

Sweden: CPI and CPIF inflation slow in August

September 10, 2019

The consumer price index (CPI) decreased 0.4% in August compared to the previous month, contrasting the 0.4% increase in July. The decrease in August was primarily due to falling food and non-alcoholic beverage prices. CPI inflation slowed to 1.4% in August, down from 1.7% in July.

CPI inflation with a fixed investment rate (CPIF)—which is closely followed by the Central Bank—moderated to 1.3% in August from 1.5% in July, edging closer to the bottom of the Central Bank’s 1.0%–3.0% tolerance band.

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


Author:, Economist

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Sweden Inflation August 2019

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


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