Sweden Inflation September 2019

Sweden

Sweden: CPI inflation edges up in September while CPIF inflation holds steady

October 10, 2019

The consumer price index (CPI) increased 0.5% in September compared to the previous month, contrasting the 0.4% decrease in August. The increase in September was primarily due to more expensive alcoholic beverages and tobacco, and healthcare. CPI inflation accelerated to 1.5% in September from 1.4% in August.

CPI inflation with a fixed investment rate (CPIF)—which is closely followed by the Central Bank—was unchanged in September at August’s 1.3%, sticking within the Central Bank’s 1.0%–3.0% tolerance band.

FocusEconomics panelists expect CPI inflation to average 1.8% in 2020, which is unchanged from last month’s forecast, and 1.9% in 2020. Our panelists see CPIF inflation averaging 1.8% in both 2020 and 2021.


Author:, Economist

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Sweden Inflation September 2019

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


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