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Sweden Inflation April 2018

Sweden: Inflation dips in April

Consumer prices in Sweden rose 0.4% on a month-on-month basis in April according to data released by Statistics Sweden (SCB), up from March’s 0.3% increase. The SCB’s data showed that April’s price rise was driven by higher prices for food and non-alcoholic beverages, transport and recreation and culture.

Inflation decreased from 1.9% in March to 1.7% in April. As a result, inflation moved further below the Riksbank’s 2.0% target, but was still firmly within the 1.0%-3.0% tolerance band. Meanwhile, annual average inflation came in at 1.8% for the seventh consecutive month. The CPI with interest rates held constant (CPIF) was 1.9% in April, down from 2.0% in March.

Sweden Inflation Forecast

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