Sweden Inflation April 2022

Sweden

Sweden: Inflation comes in at fresh high in April

May 12, 2022

Consumer prices with a fixed interest rate rose 0.58% in April over the previous month, which was below March's 1.73% increase. April's result marked the softest rise in prices since January. The reading was driven by falling prices for housing, water, electricity, gas and other fuels and easing price pressures for food and non-alcoholic beverages. Moreover, prices for recreation and culture grew at a more subdued pace.

CPIF inflation in annual terms inched up to 6.4% in April, above March’s 6.1%. April's result marked, once again, the highest inflation rate since December 1991. Consequently, annual average inflation rose to 3.5% in April (March: 3.2%).

FocusEconomics Consensus Forecast panelists see CPIF inflation averaging 4.6% in 2022, which is up 1.2 percentage points from last month’s forecast, and 2.2% in 2023.


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Sweden Inflation April 2022

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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