Sweden Inflation October 2019

Sweden

Sweden: CPI and CPIF inflation tick up in October

November 13, 2019

The consumer price index (CPI) was flat in October compared to the previous month, contrasting the 0.5% increase in September. Increases in the cost of healthcare and transport were offset by a reduction in food and non-alcoholic beverage prices. CPI inflation edged up to 1.6% in October from 1.5% in September.

CPI inflation with a fixed investment rate (CPIF)—which is closely followed by the Central Bank—increased to 1.5% in October from 1.3% in September, 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 1.8% 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 1.7% in 2021.


Author:, Economist

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Sweden Inflation October 2019

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


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