The skyline in Sweden

Sweden Inflation February 2023

Sweden: CPIF accelerates again in February

Consumer price inflation with a fixed interest came in at 9.4% in February, up from January’s 9.3%, and moving further above the Riksbank’s 2.0% target. Looking at the details of the release, the acceleration was driven by prices for housing, water, electricity, gas and other fuels and food and non-alcoholic beverages rising at stronger paces. Additionally, a weaker Swedish krona has fueled rising prices as well. February’s result adds pressure on the Riksbank to continue tightening its monetary policy stance at its next meeting in April.

Consequently, the trend pointed up; annual average inflation rose to 8.6% in February (January: 8.2%). Meanwhile, consumer price inflation rose to 12.0% in February, from January’s 11.7%.

Lastly, consumer prices with a fixed interest rate increased 0.93% in February over the previous month, swinging from the 1.30% drop logged in January.

Free sample report

Access essential information in the shortest time possible. FocusEconomics provide hundreds of consensus forecast reports from the most reputable economic research authorities in the world.
Close Left Media Arrows Left Media Circles Right Media Arrows Right Media Circles Arrow Quote Wave Address Email Telephone Man in front of screen with line chart Document with bar chart and magnifying glass Application window with bar chart Target with arrow Line Chart Stopwatch Globe with arrows Document with bar chart in front of screen Bar chart with magnifying glass and dollar sign Lightbulb Document with bookmark Laptop with download icon Calendar Icon Nav Menu Arrow Arrow Right Long Icon Arrow Right Icon Chevron Right Icon Chevron Left Icon Briefcase Icon Linkedin In Icon Full Linkedin Icon Filter Facebook Linkedin Twitter Pinterest