Sweden Inflation February 2021

Sweden

Sweden: Inflation drops slightly in February

March 15, 2021

Consumer prices with a fixed interest rate rose 0.30% on a monthly basis in February, rebounding from the 0.34% fall logged in the month prior. Looking at the details of the release, the result was mainly driven by rebounding prices for transportation, and recreation and culture.



Inflation came in at 1.5% in February, down from January’s 1.7%, which had marked the highest inflation rate since December 2019. Meanwhile, the trend pointed up slightly, with annual average inflation coming in at 0.6% in February (January: 0.5% yoy).

FocusEconomics Consensus Forecast panelists see CPIF inflation averaging 1.3% in 2021, which is unchanged from last month’s forecast, and 1.2% in 2022.


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Sweden Inflation February 2021

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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