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Sweden Inflation March 2020

Sweden: Headline inflation hits over five-year low in March

Consumer prices with a fixed interest rate (CPIF)—which is closely followed by the Central Bank—decreased 0.2% in March compared to the previous month, contrasting the 0.5% increase logged in February and largely due to lower fuel prices.

CPIF inflation slowed to 0.6% in March form 1.0% in February, marking an over five-year low and tumbling below the Central Bank’s 1.0%–3.0% tolerance band. Annual average CPIF inflation ticked down to 1.5% in March from 1.6% in February.

Non-adjusted consumer prices (CPI) decreased 0.2% in March compared to the previous month, contrasting the 0.5% increase in February; meanwhile, CPI inflation slowed to 0.6% from 1.0% and annual average CPI inflation slowed to 1.6% from 1.7%.

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