Sweden Inflation February 2020

Sweden

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%.

FocusEconomics Consensus Forecast panelists see CPIF inflation averaging 1.5% in 2020, which is unchanged from last month’s forecast, and 1.6% in 2021. Our panelists forecast CPI inflation to average 1.6% in 2020, which is down 0.1 percentage points from last month’s forecast, and 1.7% in 2021.


Author:, Economist

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Sweden Inflation Chart


Sweden Inflation February 20 20 1

Note: Year-on-year and month-on-month variation of consumer price index with a fixed interest rate (CPIF) in %.
Source: Statistics Sweden (SCB).


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