Sweden: CPIF comes in at highest level since June 1991 in September
Consumer price with a fixed interest rate inflation soared to 9.7% in September, up from August’s 9.0%. September’s reading marked the highest inflation rate since June 1991. Looking at the details of the release, prices for housing, water, electricity, gas and other fuels rose at a quicker rate in September and prices for food and non-alcoholic beverages accelerated. Meanwhile, prices for transportation were largely in line with the previous month’s reading.
Accordingly, the trend pointed up, with annual average inflation coming in at 6.2% in September (August: 5.6%). Meanwhile, consumer price inflation rose to 10.8% in September, from August’s 9.8%.
Lastly, consumer prices with a fixed interest rate rose 1.14% over the previous month in September, slowing down from August’s 1.47% rise.