Sweden: Headline inflation hits over four-year low in February
March 12, 2020
Consumer prices with a fixed interest rate (CPIF)—which is closely followed by the Central Bank—increased 0.5% in February compared to the previous month, contrasting the 1.5% decrease in January and largely due to higher food prices.
CPIF inflation slowed to 1.0% in February from 1.2% in January, marking an over four-year low and hitting the lower limit of the Central Bank’s 1.0%–3.0% tolerance band. Annual average CPIF inflation was unchanged at 1.6%.
Non-adjusted consumer prices (CPI) increased 0.5% in February compared to the previous month, contrasting the 1.4% decrease in January; CPI inflation slowed to 1.0% from 1.3%, while annual average CPI inflation ticked down to 1.7% from 1.8%.
Author: Edward Gardner, Economist