Sweden Inflation November 2019

Sweden

Sweden: CPI and CPIF inflation tick up in November

December 11, 2019

Consumer prices increased 0.1% in November, up from the flat reading in October, and partly due to more expensive housing, water, electricity, gas and other fuels, which more than outweighed cheaper transport prices. Inflation accelerated to 1.8% in November from 1.6% in October.

Consumer price inflation with a fixed interest rate (CPIF inflation)—which is closely followed by the Central Bank—increased to 1.7% in November from 1.5% in October, remaining within the Central Bank’s 1.0%–3.0% tolerance band.

FocusEconomics panelists expect CPI inflation to average 1.7% in 2020, which is down 0.1 percentage points from last month’s forecast, and 1.7% in 2021. Our panelists see CPIF inflation averaging 1.6% in 2020, which is down 0.2 percentage points from last month’s forecast, and 1.6% in 2021.


Author:, Economist

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Sweden Inflation Chart


Sweden Inflation November 2019

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


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