Sweden Inflation July 2019

Sweden

Sweden: CPI and CPIF inflation slow in July

August 14, 2019

The consumer price index (CPI) increased 0.4% in July compared to the previous month, contrasting the 0.1% decrease in June. The increase was driven by higher prices for food and non-alcoholic beverages, package holidays and transport. CPI inflation slowed to 1.7% in July, down from 1.8% in June. Core CPI inflation, which excludes volatile energy costs, slowed to 1.5% from 1.7%.

CPIF inflation—which is inflation based on a fixed investment rate and is closely followed by the Central Bank—moderated to 1.5% in July from 1.7% in June, hitting the mid-point of the Central Bank’s 1.0%–3.0% tolerance band. Core CPIF inflation, which excludes energy prices, decelerated to 1.7% from to 1.9%.

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


Author:, Economist

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Sweden Inflation July 2019

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


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