Sweden Inflation June 2019

Sweden

Sweden: CPI and CPIF inflation slow in June

July 11, 2019

The consumer price index (CPI) decreased 0.1% in June compared to the previous month, contrasting the 0.3% increase in May. Lower prices for housing, water, electricity, gas and other fuels, and clothing and footwear, weighed on the CPI in June. CPI inflation slowed to 1.8% in June from 2.2% in May. Core CPI inflation, which excludes volatile energy costs, moderated to 1.7% in June from 2.1% in May.

CPIF inflation—which is inflation based on a fixed investment rate and is closely followed by the Central Bank—slowed to 1.7% in June from 2.1% in May, a notch below the mid-point of the Central Bank’s 1.0%–3.0% tolerance band. Core CPIF inflation accelerated to 1.9% in June from 1.7% in May.

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


Author:, Economist

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Sweden Inflation June 2019

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


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