Sweden Inflation September 2021

Sweden

Sweden: Inflation comes in at highest level in 13 years in September

October 14, 2021

Consumer prices with a fixed interest rate increased 0.53% in September over the previous month, matching August's reading. Looking at the details of the release, prices for housing and electricity were the key drivers of the monthly rise.

CPIF inflation in annual terms increased to 2.8% in September, following August’s 2.4%. September's reading was the highest inflation rate since September 2008. As such, the trend pointed up mildly, with annual average inflation edging up to 1.6% in September (August: 1.4%).

FocusEconomics Consensus Forecast panelists see CPIF inflation averaging 1.9% in 2021, which is up 0.1 percentage points from last month’s forecast, and 1.7% in 2022.


Author:, Economist

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Sweden Inflation September 2021 0

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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